Mississippi Bullion Depository; establish.
HB 1044 establishes a state-run Mississippi Bullion Depository under the State Treasurer's Office to securely hold precious metals (like gold and silver) and coinage (specie) for the state, its agencies, and private individuals or entities. The depository would accept deposits of bullion or specie, record them in troy ounces, allow account holders to transfer or withdraw holdings, and prohibit interest payments on deposits. It requires contracts between depositors and the depository, mandates annual reporting to the legislature, and authorizes private depository agents to handle retail transactions. The bill died in committee in February 2025 and did not become law.
Bill status
died
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 17, 2025
Last action Feb 4, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jan 17, 2025
Committee
Referred To Banking and Financial Services
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bubba Carpenter
RRepublican
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