Monday, March 25, 2013

Tarrant lawmaker seeks to create Texas Bullion Depository

Tarrant lawmaker seeks to create Texas Bullion Depository

Giovanni Capriglione, R-Southlake, is carrying a bill that would establish the Texas Bullion Depository, a secure state-based bank to house $1 billion worth of gold bars owned by the University of Texas Investment Management Co., or UTIMCO, and stored by the Federal Reserve.