WEST VIRGINIA LEGISLATURE

2024 REGULAR SESSION

Introduced

House Bill 4582

By Delegate C. Pritt

[Introduced January 10, 2024; Referred
to the Committee on Banking and Insurance then Finance ]

A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §12-4-18, relating to empowering the Treasurer to invest in gold and silver.

Be it enacted by the Legislature of West Virginia:

ARTICLE 4. ACCOUNTS, REPORTS, AND GENERAL PROVISIONS.

§12-4-18. Authorization to invest in gold and silver.

In addition to the other powers and duties set forth in this article, the Treasurer may invest in gold and silver. These investments shall be done in accordance with the provisions otherwise set forth in this article.

NOTE: The purpose of this bill is to empower the Treasurer to invest in gold and silver.

Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.