HB302

This bill enables the state treasurer to invest public funds in precious metals and digital assets, with specific guidelines and restrictions. The bill allows the treasurer to invest up to 5 percent of public funds from the general fund and other authorized funds in these assets, with digital assets limited to those with a market capitalization over $500 billion. Digital assets can be held directly by the treasurer using a secure custody solution, by a qualified custodian, or through an exchange-traded product.