This bill proposes the creation of a new section in chapter 54-11 of the North Dakota Century Code that mandates the state treasurer to invest at least one percent of all state treasury funds in gold and silver. The investments must be held directly by the state treasurer as bullion or coins in a secure facility, or through a qualified custodian or other investment instruments. Additionally, the state treasurer is authorized to contract for services to assist with these investments and is required to develop policies and procedures for managing them.

Furthermore, the bill outlines a study to be conducted by the state treasurer during the 2025-26 interim, which will evaluate the costs and benefits of investing state funds in gold and silver, taking into account factors such as inflation and economic stability. The findings and recommendations from this study are to be reported to the legislative management by June 30, 2026. The provisions of this bill will take effect on July 1, 2027.