Mississippi Bullion Depository; establish.

HB 1042 would have established a state-run Mississippi Bullion Depository under the State Treasurer's office to hold precious metals (gold/silver) deposited by individuals or entities. It would require deposits to be measured in troy ounces, prohibit interest payments on deposits, and mandate the Treasurer to set exchange rates and publish annual operational reports. The depository would allow account holders to withdraw or transfer metals, use licensed third-party agents for retail transactions, and operate under specific rules for recordkeeping and fees. The bill died in committee on February 4, 2025, and would have directly affected Mississippi residents and businesses seeking to store or trade precious metals through a state-administered system.