If this bill were to become law, it would amend current statutes by adding a new chapter to Title 6 of the Arizona Revised Statutes, specifically establishing provisions for an "Arizona bullion depository." The bill would allow state entities, including the state treasurer, to store bullion in this depository and permit the state treasurer to deposit up to ten percent of state monies in the form of bullion, which would be recognized as part of the state's financial reserves.

Additionally, the bill stipulates that the state treasurer would maintain ultimate operational control over the Arizona bullion depository. This new language would be inserted into the existing statutes, while the current provisions regarding the state treasurer's responsibilities and investment strategies would remain unchanged. The bill also includes technical changes to ensure clarity and compliance with the new provisions.