STATE TREASURER – Amends existing law to provide that idle moneys may be invested in physical gold and silver in certain instances, to provide for storage of physical gold and silver, and to provide for a maximum allowed investment.

This Idaho bill (S 1338) allows the State Treasurer to invest up to 7.5% of the state's idle funds in physical gold and silver, subject to specific storage requirements. It requires gold and silver to be stored in secure, insured depositories within Idaho, adjacent states, or Texas, with independent audits and physical segregation from other assets. The bill amends existing investment rules to add gold and silver as permitted investments alongside traditional bonds and deposits. It directly affects how the state manages its excess funds, with the State Treasurer responsible for compliance. The policy change is limited to a defined percentage of idle funds and includes strict storage and security protocols.