This bill proposes to amend the Arizona Revised Statutes by adding a new chapter, Chapter 18, which establishes the Arizona Bullion Depository. Under this new chapter, state entities, including agencies, counties, and municipalities, would be permitted to utilize the depository for storing bullion. Additionally, the state treasurer would be authorized to deposit up to ten percent of state funds in the form of bullion, which would be recognized as part of the state's financial reserves.

The bill also mandates that the relevant department adopt rules to facilitate the implementation of these provisions. Overall, the proposed changes aim to enhance the state's financial management by allowing for the storage and investment of state funds in bullion, thereby diversifying the state's financial reserves.