The proposed bill would introduce a new chapter, Chapter 18, to Title 6 of the Arizona Revised Statutes, specifically addressing the Arizona Bullion Depository. This chapter would allow various state entities, including state agencies, counties, and municipalities, to utilize the depository for storing bullion. Additionally, it would permit the state treasurer to deposit up to 10% of state monies in the form of bullion, which would be classified as part of the state's financial reserves.

Furthermore, the bill mandates that the Department of Insurance and Financial Institutions (DIFI) adopt rules to implement these provisions. This addition aims to establish clear guidelines for the use and management of bullion within the state, enhancing the financial strategies available to Arizona's governmental entities.