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House approves bill letting treasurer recover expenses on physical precious-metal investments after debate over Medicaid language
Summary
The Utah House passed HB 67 on Jan. 24, 2025, allowing the state treasurer to recover expenses for certain precious-metal investments; an amendment aimed at clarifying Medicaid-related language failed and the bill passed 70-0 and was sent to the Senate.
The Utah House on Jan. 24 passed House Bill 67, titled “precious metals investment and administration amendments,” sending the measure to the Senate after floor debate about whether the bill touched Medicaid-related funds.
Representative Ken Ivory, the bill sponsor, told colleagues the measure lets the treasurer recover expenses for a precious-metals investment that is returning substantially more than alternative investments while charging lower fees. “This is physical gold that we actually have a Brink's vault about 5…
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