The proposed legislation aims to establish a new chapter in Title 67 of the Idaho Code, specifically addressing the use of gold and silver coins and bullion as legal tender. It includes definitions for various terms related to gold and silver, such as "gold clause" and "silver bullion," and outlines the applicability of these provisions. The bill mandates that the state controller determine exchange ratios for gold and silver in the free market and makes it clear that gold and silver coins, bullion, and base-metallic coins are recognized as legal tender. Additionally, it stipulates that certain taxes and fees can be paid in gold and silver, and it prohibits the seizure of these assets without a court order.

Furthermore, the legislation enforces the execution of gold and silver clauses in contracts, ensuring that state officers must comply with these provisions. It also allows for civil actions against state officers or employees who fail to enforce the chapter's provisions. The bill declares an emergency, setting an effective date of July 1, 2025, for its implementation. Overall, the legislation seeks to reinforce the use of gold and silver in financial transactions within the state, aligning with constitutional rights and promoting economic security for its citizens.