Firms Vying to Help Texas Build Gold Depository

Firms Vying to Help Texas Build Gold Depository
Article by Aman Batheja. Photo illustration by Todd Wiseman. AUSTIN (The Texas Tribune) — Major international players in the precious metals industry — and some local upstarts — are hoping to get a piece of Texas' plan to launch an official state gold bullion depository, and the wide range of pitches they're making suggests even basic det...
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History of House Bill 483

History of House Bill 483
​When Texas Rep. Giovanni Capriglione first introduced the Texas Bullion Depository bill, it was 2013. In preparation for the 83rd Texas legislative session, he created a document outlining a plan to build a depository for bullion in his home state of Texas. His initial bill would not make it through the legislative session, but after several ...
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Transactions in Precious Metals

Transactions in Precious Metals
​Texas House Bill 483, establishing a state-run bullion depository, authorizes the creation of a bullion-backed transaction system within the depository's structure.The bill Texas Gov. Greg Abbott signed into law on June 12, 2015, states: "A depository account holder may transfer any portion of the balance of the holder's depository account by chec...
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Texas Gov. Greg Abbott Tweets Statement After Signing House Bill 483 Into Legislation

Texas Gov. Greg Abbott Tweets Statement After Signing House Bill 483 Into Legislation
After successfully signing House Bill 483 into state law in the 84th Texas legislative session on June 12, 2015, Gov. Greg Abbott tweeted the announcement to his Twitter followers in a clever post: "California may be the golden state, but Texans deserve to keep their gold in-state!"The tweet also contained a link to the official signature statement...
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Governor Greg Abbott Signs Bill to Establish a State Bullion Depository in Texas

Governor Greg Abbott Signs Bill to Establish a State Bullion Depository in Texas
​The Texas Governor's office issued a press release today stating that Governor Abbott has signed House Bill 483 (Capriglione, R-Southlake; Kolkhorst, R-Brenham) which establishes a state bullion depository to be administered by the Texas Office of the Comptroller. The signing of this bill is estimated to bring $1 billion of Texas owned gold b...
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