Bills › 91st General Assembly
Relating to the investment of public funds in precious metals, oil, and natural gas
Sponsored by Rep. Jeff Shipley (R)
Topics:State budgetState government
Where it is now
- Done: IntroducedFebruary 11, 2026
- Stopped: SubcommitteeDied when the General Assembly ended
- Next: House committeeFunnel: by February 20, 2026
- Next: Passes the House
- Next: Senate committeeFunnel: by March 20, 2026
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2026 session adjourned on May 3, 2026, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
AI summary The state treasurer would be required to invest a portion of the state's general fund money into precious metals like gold, silver, platinum, and palladium. Additionally, the treasurer must invest some of that money into businesses that produce those metals as well as oil and natural gas.1
Read the official explanation
This bill requires the treasurer of state to invest 20 percent of the public moneys in the general fund of the state in gold, silver, platinum, and palladium and 10 percent in equity interests in businesses engaged in the production of gold, silver, platinum, palladium, oil, and natural gas.