The proposed bill aims to amend Title 67 of the Idaho Code by introducing a new Chapter 98, which establishes the use of gold and silver coins and bullion as legal tender for debt payments in the state. The legislation outlines definitions for various terms related to gold and silver, including "gold clause" and "silver clause," and specifies the applicability of these provisions. It mandates that the state controller determine exchange ratios for gold and silver in the free market and makes provisions for the enforcement of gold and silver clauses in contracts. Additionally, the bill allows for the payment of certain taxes and fees in gold and silver, while prohibiting the seizure of these assets without a court order.

Key provisions include the establishment of gold and silver as legal tender, the requirement for state officers to enforce gold and silver clauses, and the stipulation that taxes and fees must be calculated and paid in gold or silver when applicable. The bill also allows individuals to bring civil actions against state officers for failure to enforce its provisions. An emergency clause is included, making the act effective on July 1, 2025.