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A BILL TO BE ENTITLED
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AN ACT
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relating to purchasing gold and silver bullion for this state to |
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hold in the Texas Bullion Depository; making an appropriation. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. (a) The comptroller of public accounts shall |
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undertake to purchase during the state fiscal biennium beginning |
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September 1, 2025: |
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(1) $4 billion worth of gold bullion; and |
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(2) $1 billion worth of silver bullion. |
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(b) The comptroller of public accounts shall deposit the |
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bullion purchased under Subsection (a) of this section into the |
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Texas Bullion Depository to the credit of an account held by this |
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state. |
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SECTION 2. The amount of $5 billion is appropriated from the |
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general revenue fund to the comptroller of public accounts for the |
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state fiscal biennium beginning September 1, 2025, for the purpose |
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of purchasing $4 billion in gold bullion and $1 billion in silver |
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bullion. |
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SECTION 3. This Act takes effect September 1, 2025. |