HB 610 Louisiana House · 2026 Regular Session

FUNDS/FUNDING: Authorizes the state treasurer to invest up to ten percent of available monies in the Revenue Stabilization Trust Fund in gold (RE SEE FISC NOTE GF EX See Note)

HB 610 allows Louisiana's state treasurer to invest up to 10% of the Revenue Stabilization Trust Fund in gold bullion (like ingots) or gold coins (specie) used as currency. This directly affects how the state manages its budget stabilization funds, changing the treasurer's investment options. The bill specifies that gold investments must meet strict definitions for purity and form, and requires the treasurer to contract with a custodian for physical gold. It does not create new programs but modifies existing investment rules for the state's trust fund. The law would take effect on July 1, 2026, if enacted.

Bill status passed 3 of 5 stages cleared

Introduction

Feb 2026

Committee Review

Apr 2026

House Passage

Apr 2026

Senate Passage

Governor

Introduced Feb 26, 2026 Last action Apr 29, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

HB610 Reengrossed → HB610 Engrossed · 3 edits · Apr 27, 2026

MINOR

The bill was finalized as the Engrossed version, removing the conditional effective date that required a separate constitutional amendment to pass. Instead, the law now takes effect automatically on July 1, 2026, allowing the state treasurer to immediately begin investing up to 10% of the Revenue Stabilization Trust Fund in gold bullion and gold specie.

Scope change

The bill's scope regarding the investment authority remains unchanged, but the conditions for when that authority becomes active have shifted from a dependent event to a fixed calendar date.

TIMELINE

Removed the requirement that the law only becomes effective if a separate constitutional amendment (originally HB 603) is adopted at a statewide election.

Established a fixed effective date of July 1, 2026, or the day after legislative approval if vetoed, ensuring the law activates without waiting for a future election.

TECHNICAL

Adjusted the bill's purpose statement to remove references to an effective date, noting only that it provides for implementation, administration, and related matters.

Floor votes · House Apr 27, 2026

How they voted

94–2

Passed · 9 other

Total votes 105

Apr 27, 2026

D Democratic33

26 Yea 2 Nay 5

78% Yea

R Republican72

68 Yea 4

94% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 27, 2026

Lower · Passed

Read third time by title, amended, roll called on final passage, yeas 93, nays 2. Finally passed, title adopted, ordered to the Senate.

lower

Apr 27, 2026

Introduced

Read by title, amended, returned to the calendar.

lower

Apr 21, 2026

Lower · Passed

Reported favorably (10-5).

lower

Mar 9, 2026

Committee

Read by title, under the rules, referred to the Committee on Appropriations.

lower

Feb 26, 2026

Committee

Under the rules, provisionally referred to the Committee on Appropriations.

lower

1 primary · 0 co-sponsors