Legal tender; gold and silver; specie; tax; regulation; contract; attorney general; Oklahoma court; debts; effective date.

House Bill 1199 designates gold and silver coins issued by the United States government as legal tender in Oklahoma, alongside other forms of specie. The bill clarifies that specie, which includes gold and silver coins or refined bullion, will not be characterized as personal property for taxation or regulatory purposes. It specifies that exchanging legal tender or buying/selling specie will not create tax liability. Additionally, the bill directs Oklahoma courts to enforce specific performance for contracts that explicitly designate a type of specie as tender, though no one can be compelled to accept or tender specie unless by law or contract. This legislation affects individuals and businesses in Oklahoma dealing with gold and silver, and Oklahoma courts handling related contractual disputes.