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 but prohibits requiring others to accept them except by mutual agreement. It removes tax liability for buying, selling, or exchanging gold/silver bullion or coins, and excludes these items from personal property taxation. The bill mandates the State Treasurer to develop a plan to hold at least 10% of state funds in gold/silver legal tender and allows taxpayers to pay property taxes using these metals. It also updates tax code to permit deductions for gains from specie sales, directly affecting Oklahomans engaging in precious metal transactions and state treasury operations.