A BILL TO BE ENTITLED
AN ACT to study whether to establish the north carolina bullion depository.
The General Assembly of North Carolina enacts:
SECTION 1.  The Department of State Treasurer shall study the costs and benefits that would result from a State‑administered and State‑audited vaulting bullion depository in the State to serve as the custodian, guardian, and administrator of certain bullion and specie that may be transferred to or otherwise acquired by this State or an agency, a political subdivision, or another instrumentality of this State and to provide a repository for investors to use for precious metals assets. The Department of State Treasurer shall report on the results of the study, along with any legislative or other recommendations, to the Joint Legislative Commission on Governmental Operations by January 1, 2025.
SECTION 2.  There is appropriated from the General Fund to the Department of State Treasurer the nonrecurring sum of fifty thousand dollars ($50,000) for the 2023‑2024 fiscal year to conduct the study required by this act.
SECTION 3.  Section 2 of this act becomes effective July 1, 2023. The remainder of this act is effective when it becomes law.