House Bill No. by Representative Crews amends R.S. 39:100.112(E)(1) to authorize the state treasurer to invest up to ten percent of the available funds in the Revenue Stabilization Trust Fund in gold bullion and gold specie. The bill defines "gold bullion" as gold in uniform shapes and quantities suitable for bulk transactions, and "gold specie" as gold coins that are used as currency or for retail transactions. This change allows for a diversification of the trust fund's investments beyond the current requirement to invest in the same manner as the Millennium Trust.

Additionally, the bill empowers the state treasurer to enter into contracts necessary for the implementation and administration of these new investment provisions, including hiring a depository to manage the gold bullion and specie. The proposed changes will take effect on July 1, 2026, contingent upon approval by the legislature if vetoed by the governor.

Statutes affected:
HB610 Original: 39:112(E)(1)