bullion depository; state monies; treasurer

Summary

The bill adds a new chapter to Arizona law establishing a state bullion depository and authorizes the state treasurer to deposit no more than ten percent of state monies in bullion, counting it as part of the state's financial reserves. It also permits other state agencies, counties, municipalities and governmental entities to use the depository for bullion storage, with the responsible department required to adopt implementing rules. The measure was vetoed by the governor.

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