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<p>[QUOTE=&quot;Yankee, post: 771601, member: 18618&quot;]A BILL to be entitled an Act to amend Title 7 of the Official Code of Georgia Annotated, relating to banking and finance, so as provide a short title; to provide legislative findings; to define certain terms; to <span style="color: blue">require any bank or lending institution serving as a depository for the state or any department or agency of the state to offer and to accept gold and silver coin for deposit</span>; to amend Title 50 of the Official Code of Georgia Annotated, relating to state government, so as to provide legislative findings; to define certain terms; to require the exclusive use of gold and silver coin as tender in payment of debts by or to the state; to provide for related matters; to provide an effective date; to repeal conflicting laws; and for other purposes. </p><p><br /></p><p><a href="http://www.legis.state.ga.us/legis/2009_10/sum/hb430.htm" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.legis.state.ga.us/legis/2009_10/sum/hb430.htm" rel="nofollow"><span style="color: #400076">http://www.legis.state.ga.us/legis/2009_10/sum/hb430.htm</span></a>&nbsp;&nbsp; Introduced Last year &amp; Still in Commission</p><p><br /></p><p>After Clicking <span style="color: blue">LC 21 0297/a</span></p><p><br /></p><p>Looks Like if Passed you Can pay into</p><p>savings accounts&nbsp; &amp; Maybe</p><p>Checking Accounts. in Gold Or silver</p><p>and Expect to be able to cash out</p><p>&amp; Receive Gold Or Silver as your Earnings.</p><p>if I&#039;m not Misreading&nbsp; <img src="http://forum.treasurenet.com/Smileys/default/tongue3.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p>The General Assembly finds and declares that sound, constitutionally based money is essential to the livelihood of the people of this state, to the stability and growth of the economy of this state and region, and vitally affects the public interest. The General Assembly further finds that Article I, Section 10 of the United States Constitution provides that no state shall make anything but gold and silver coin a tender in payment of debts.</p><p><br /></p><p>As used in this chapter, the term<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />1) &#039;Federal Reserve Accounting Unit Dollar accounts&#039; means accounts based on federal reserve notes created by 12 U.S.C. Section 3, Subchapter XII.(2) &#039;Gold eagle accounts&#039; means accounts based on the weight in troy ounces of the gold content of gold coins minted by the United States Mint since 1986 pursuant to 31 U.S.C. Section 5112(a)(7) through (a)(10) and 31 U.S.C. Section 5112(h).(3) &#039;Pre-1965 silver accounts&#039; means accounts based on the face value of silver coins minted by the United States Mint prior to the Coinage Act of 1965 (Pub. L. 89, 81, 79 Stat. 254), having a 90 percent silver composition and containing when minted approximately 0.7234 troy ounces of silver per dollar of face value.(4) &#039;Silver eagle accounts&#039; means accounts based on the weight in troy ounces of the silver content of silver coins minted by the United States Mint since 1986 pursuant to 31 U.S.C. Section 5112(e) and 31 U.S.C. Section 5112(h).</p><p><br /></p><p><br /></p><p>a) Banks and lending institutions designated in Code Section 7-9-3 shall offer accounts denominated in<img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie3" alt=":(" unselectable="on" unselectable="on" />1) Federal Reserve Accounting Unit Dollar accounts;(2) Pre-1965 silver accounts;(3) Silver eagle accounts; and(4) Gold eagle accounts.(b) Accounts established as provided in subsection (a) of this Code section shall be segregated from all other types of currency. Withdrawals shall be made in the same currency as deposits.&quot;[/QUOTE]</p><p><br /></p>

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