Wyoming Gold Act.

Plain English: The amendment adds a provision to provide $50,000 from the general fund to the Department of Revenue for conducting a study required by the bill.

• Adds an appropriation of $50,000 from the general fund to the Department of Revenue for conducting the study required under subsection (a) of the bill.

• The amendment does not specify what the exact nature or scope of the study is beyond requiring it.
• It is unclear how the $50,000 will be used in detail since the original bill text does not provide specifics about the study's requirements.

Plain English: The amendment changes the Wyoming Gold Act by removing certain provisions related to hiring consultants and altering wording about holding specie.

• Removes the provision that allows the state treasurer to hire consultants.
• Changes the language from 'Holding' to 'the rights to Holding' in a specific section of the bill.

• The amendment deletes lines 12 through 18 on page 2, but does not provide details about what was removed, making it unclear what exactly is being deleted from the original text.

Plain English: The amendment to SF0096H2003 adds new types of investments that the state treasurer can hold and invest in, changes some requirements to options, and includes a condition for market conditions.

• Adds treasury inflation protected securities, gold exchange traded funds, real estate, and gold and silver mineral-producing companies as acceptable forms of legal tender or investment by the state treasurer.
• Changes 'shall' to 'may' in certain places, turning mandatory actions into optional ones for the state treasurer.
• Inserts a condition that market conditions must warrant before taking certain actions.

• The amendment text does not specify all details about how these changes will be implemented or what specific risks are involved with the new investments.

Plain English: The amendment adds bitcoin as a form of legal tender and sets a minimum investment requirement for the state treasurer to hold at least one million dollars in bitcoin.

• Adds 'and bitcoin' after the term 'tender' on page 1, line 3.
• Requires the state treasurer to invest not less than one million dollars ($1,000,000.00) in bitcoin.

• The amendment text does not specify how or where the state treasurer should acquire and manage the required amount of bitcoin.

Plain English: The amendment modifies a bill by adding language that allows the state treasurer to hold and invest in gold futures or funds that allow for physical gold delivery, in addition to specie and specie legal tender.

• Adds an option for the state treasurer to hold and invest in gold futures or funds that enable taking possession of actual gold.

• The amendment text does not specify details about how these investments would be managed or regulated, leaving some aspects unclear.

Plain English: The amendment adds a provision to provide $45,000 from the general fund to the Department of Revenue for conducting a study required by the Wyoming Legal Tender Act.

• Adds an appropriation of $45,000 from the general fund to the Department of Revenue for conducting the study required under subsection (a) of the act.

• The amendment does not specify what the study will cover or its exact requirements beyond providing funding.

Plain English: The amendment changes the term 'permanent Wyoming mineral trust' to 'general' in the bill.

• Replaces the phrase 'permanent Wyoming mineral trust' with 'general'.

• It is unclear what specific impact this change will have on the overall purpose and implementation of the bill.

Plain English: The amendment removes the requirement for a study and report, changes the bill's title to remove references to multiple effective dates, deletes certain sections of the bill text, and sets a single effective date for the act.

• Removes the requirement for a study and report from the bill.
• Changes 'effective dates' in the bill title to 'an effective date'.
• Deletes specific lines on pages 2 and 3 of the bill text.
• Adds an effective date of January 1, 2026.

• The amendment deletes sections without specifying what those sections contained, which limits understanding of the full impact of the changes.

Plain English: The amendment adds a condition that the state treasurer must only hold and invest specie and specie legal tender if the current price of gold per ounce is equal to or less than the average price of gold in 2019.

• Adds a requirement for the state treasurer to consider the price of gold when deciding whether to hold and invest specie and specie legal tender.

• The amendment does not specify how the average price of gold in 2019 will be determined or what happens if the current price of gold is higher than this average.
• It's unclear how often the state treasurer would need to check the price of gold and whether there are any penalties for not following this condition.

Plain English: The amendment adds bitcoin as a form of legal tender and sets a minimum investment requirement for the state treasurer to hold at least one million dollars in bitcoin.

• Adds 'and bitcoin' after 'specie and specie legal tender' on page 1, line 3.
• Requires the state treasurer to invest not less than $1,000,000 in bitcoin.

• The amendment does not specify how or where the state treasurer should acquire or manage the bitcoin investment.

Plain English: The amendment changes the role from the state treasurer to the department of revenue for holding and investing specie and specie legal tender.

• Replaces 'state treasurer' with 'department of revenue' in sections related to holding and investing specie and specie legal tender.

• The amendment does not provide details on how the department of revenue will manage these tasks differently from the state treasurer.

Plain English: The amendment removes certain sections of the bill, including rulemaking authority and specific investment requirements, and adds a new requirement for the state treasurer to conduct a study on accepting gold and silver as payment.

• Removed the provision that gave rulemaking authority.
• Deleted sections related to how the state treasurer should hold and invest specie and legal tender.
• Added a new section requiring the state treasurer to study methods for the state to accept gold and silver as payment.

• The exact details of what was removed in lines 20-21 on page 2 and lines 1-3 on page 3 are not provided, so their content is unknown.

Plain English: The amendment changes where the state treasurer must hold and invest specie and specie legal tender from all state managed accounts to just the permanent Wyoming mineral trust fund.

• Removes the requirement for the state treasurer to hold and invest specie and specie legal tender across all state-managed accounts.
• Specifies that the state treasurer must now hold and invest such funds specifically in the permanent Wyoming mineral trust fund.

• The amendment text does not provide details on how this change will affect other parts of the bill or the operations of the state treasury beyond these specific changes.