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Utah's ongoing precious metals study, which allows the state treasurer to invest a portion of certain state funds in gold and silver, would be extended for two more years (through 2027), with the treasurer required to report any legislative recommendations to lawmakers each fall. The bill also directs the state treasurer to seek proposals from private companies to build and operate a gold- and silver-backed electronic payment system, where physical precious metals stored in Utah vaults back digital transactions and can be redeemed by users. Participation would be voluntary — state contractors could choose to be paid this way, and the state would study whether to let employees do the same — while the treasurer must consult the State Tax Commission on tax implications, ensure compliance with state money management laws, and report annually to the legislature on the system's status; any transaction costs would fall on the people using the system rather than the state.