2025
STATE OF WYOMING
25LSO-03131SF0096
SENATE FILE NO. SF0096
Wyoming Gold Act.
Sponsored by: Senator(s) Ide, French, Laursen, D, Salazar,
Smith, D and Steinmetz and Representative(s)
Allemand, Heiner, Lien, Locke and Smith, S
A BILL
for
1 AN ACT relating to the Wyoming Legal Tender Act; requiring
2 the state treasurer to hold and invest specie and specie
3 legal tender; authorizing the state treasurer to hire
4 consultants; providing rulemaking authority; requiring a
5 study and report; and providing for effective dates.
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7
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9W.S. 9-4-1306 is created to read:
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14 (a) The state treasurer shall implement this article
15 by: 2025STATE OF WYOMING25LSO-03132SF0096
1
2 (i) Holding not less than ten million dollars
3 ($10,000,000.00) in specie and specie legal tender between
4 and across all state managed accounts for the purpose of
5 diversifying the state's investment portfolio, preserving
6 capital and insuring against inflation, debt defaults and
7 other risks;
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9 (ii) If market conditions warrant, investing in
10 precious metal leases or bonds payable in precious metals.
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12 (b) The state treasurer may contract for services
13 with established precious metals firms and other industry
14 experts to assist with the duties of the treasurer under
15 this section. The state treasurer shall require financial
16 disclosures along with any other requirements specified by
17 the state treasurer before engaging in any contract under
18 this subsection.
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20 (c) The state treasurer shall adopt rules necessary
21 to implement this section.
22 2025STATE OF WYOMING25LSO-03133SF00961The state treasurer shall adopt rules
2 necessary to implement this act not later than January 1,
3 2026.
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7 (a) The state treasurer shall conduct a study
8 analyzing the role of precious metals in augmenting,
9 stabilizing and ensuring the economic security and
10 prosperity of the state and the families, residents and
11 businesses of the state. The study under this section shall
12 include a review of methods for the state to begin
13 accepting gold and silver as a payment medium.
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15 (b) The state treasurer shall submit the results of
16 the study required under subsection (a) of this section and
17 any recommendations for legislation resulting from the
18 study to the joint revenue interim committee and the select
19 committee on financing and investments not later than
20 October 1, 2025.
21 2025STATE OF WYOMING25LSO-03134SF00961.
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3 (a) Except as provided in subsection (b) of this
4 section,
5 of all acts necessary for a bill to become law as provided
6 by Article 4, Section 8 of the Wyoming Constitution.
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8 (b) Section 1 of this act is effective January 1,
9 2026.
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11 (END)