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Relating to the operation and administration of the Texas Bullion
No fiscal impact to the state is anticipated.
The state bullion depository was established in 2015 for the storage of precious metal assets in the form of bullion or specie by individuals, businesses, or state agencies. HB 2458 would update existing statutes based on the comptroller's recommendations, and require the comptroller to adopt rules to carry out those laws. More specifically, it would allow the comptroller to employ subordinate officers or employees as necessary and appropriate; employ security officers to provide security services and commission the officers as peace officers; and make several other administrative changes.
Texas Action is neutral on HB 2458 because it does not affect our liberty principles.