The bill H. 5115 aims to amend the South Carolina Code of Laws by adding Article 17 to Chapter 1 of Title 1, which designates certain gold and silver specie as legal tender within the state. The bill outlines specific requirements for gold and silver to qualify as legal tender, including that they must be marked with their weight and purity, and prohibits any additional markings that suggest government issuance. It also clarifies that individuals are not obligated to accept gold and silver as payment for debts and that the bill does not affect the use of U.S. coins or Federal Reserve notes.

Additionally, the bill empowers the State Comptroller General to establish electronic systems for transactions involving gold and silver currency, contract with vendors for implementation, and adopt necessary rules for administration. These rules will cover transaction security, valuation of currency, vendor approval, and measures to prevent fraud and transactions with foreign adversaries. The act will take effect upon the Governor's approval.