North Dakota HB1183: A BILL for an Act to create and enact a new section to chapter 54-11 of the North Dakota Century Code, relating to gold and silver investments; to provide a report; and to provide an effective date.

What the bill says

A bill for an Act to create and enact a new section to chapter 54-11 of the North Dakota Century Code, relating to gold and silver investments; to provide a report; and to provide an effective date.

From the engrossed text, February 14, 2025:

A BILL for an Act to create and enact a new section to chapter 54-11 of the North Dakota Century Code, relating to gold and silver investments; to provide a report; and to provide an effective date. BE IT ENACTED BY THE LEGISLATIVE ASSEMBLY OF NORTH DAKOTA: SECTION 1. A new section to chapter 54-11 of the North Dakota Century Code is created and enacted as follows: Gold and silver investments . 1. Notwithstanding section 6 - 09 - 07, the state treasurer shall invest at least one percen t of all funds that are deposited in the state treasury and invested by the state treasurer in gold and silver. 2. Gold and silver investments by the state treasurer under this section must be held directly by the state treasurer as bullion or coins in a secure facility or on behalf of the state through a qualified custodian, exchange traded product, or other investment instrument. 3. Within the limits of legislative appropriations, the state treasurer may contract for services to assist with the investments in gold and silver under this section. 4. The state treasurer shall develop policies and procedures for managing gold and silver investments. SECTION 2. GOLD AND SILVER INVESTMENTS STUDY - REPORT TO LEGISLATIVE MANAGEMENT. During the 2025-26 interim, the state treasurer shall study the costs and …

Read the full official text

Sponsors

• Daniel Johnston (R, 24) · primary sponsor
• Mark Enget (R, 2)
• Jared Hendrix (R, 10)
• James Kasper (R, 46)
• Ben Koppelman (R, 16)
• SuAnn Olson (R, 8)
• Bob Paulson (R, 3)
• Dan Ruby (R, 38)
• Austen Schauer (R, 13)
• Nathan Toman (R, 34)
• Steve Vetter (R, 18)
• Kent Weston (R, 15)

Latest actions

1. March 17, 2025: Second reading, failed to pass, yeas 13 nays 34
2. March 14, 2025: Reported back, do not pass, placed on calendar 3 2 0
3. March 10, 2025: Committee Hearing 10:30
4. February 18, 2025: Introduced, first reading, referred Industry and Business Committee
5. February 18, 2025: Received from House
6. February 17, 2025: Second reading, passed, yeas 54 nays 35
7. February 17, 2025: Reconsidered
8. February 14, 2025: Second reading, failed, lacks constitutional majority yeas 47 nays 33
9. February 13, 2025: Amendment adopted, placed on calendar
10. February 12, 2025: Reported back amended, do pass, amendment placed on calendar 8 5 1

Votes

• Final Passage (March 17, 2025): 13 yea, 34 nay, failed
• Final Passage (February 17, 2025): 54 yea, 35 nay, passed
• Final Passage (February 14, 2025): 47 yea, 33 nay, failed

Common questions

What is HB1183?

HB1183 is a bill in the North Dakota Legislature (69th Legislative Assembly): A BILL for an Act to create and enact a new section to chapter 54-11 of the North Dakota Century Code, relating to gold and silver investments; to provide a report; and to provide an effective date.

What does HB1183 do?

In its own words: A bill for an Act to create and enact a new section to chapter 54-11 of the North Dakota Century Code, relating to gold and silver investments; to provide a report; and to provide an effective date.

What is the status of HB1183?

Failed as of March 17, 2025. Latest action: Second reading, failed to pass, yeas 13 nays 34 (March 17, 2025).

Who sponsored HB1183?

Daniel Johnston (R, 24), with 11 co-sponsors.

Where is the official record for HB1183?

On the North Dakota Legislature website: https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1183.html