Specie; authorizing the payment of certain public and private debts; restricting the requirement of payment in specie. Effective date.

SB 284 designates U.S. gold and silver coins as legal tender in Oklahoma for public debts and allows silver bullion bars/rounds to settle private debts, but prohibits forcing others to accept them except via mutual agreement. The bill exempts gold/silver transactions from state taxes, excludes specie from personal property taxation, and requires the State Treasurer to store at least 10% of state funds in gold/silver while enabling taxpayers to pay property taxes with these metals. It also updates tax law to allow deductions for gains from selling specie. The legislation directly affects Oklahomans engaging in financial transactions involving precious metals and state budget management.