Tallahassee, FL — Florida has finalized one of the nation's most significant constitutional money initiatives, completing the legislative and regulatory framework necessary for qualifying gold and silver to begin functioning as legal tender under state law on July 1, 2026.
By signing HB 1311 / SB 1588, Governor Ron DeSantis completed the final legislative step required to implement HB 999, Florida's landmark constitutional money law enacted in 2025. The legislation ratifies the administrative rules required for HB 999 to take effect, ensuring the law becomes fully operational as scheduled.
Governor DeSantis transformed constitutional money from a little-known policy concept into a national public discussion when he devoted an unprecedented 45-minute bill-signing ceremony to HB 999. Framing the initiative under the banner of "Financial Sovereignty," he described the legislation as an important step toward restoring the monetary principles recognized in Article I, Section 10 of the United States Constitution. The event attracted national attention and signaled that Florida intended to lead—not simply participate—in the modern constitutional money movement.
With overwhelming bipartisan approval of the implementing legislation in 2026, Florida's constitutional money framework is now complete. HB 1311 passed the House unanimously and the Senate by a vote of 31–1, satisfying the final statutory requirement before the law could take effect. Without legislative ratification, HB 999 would have automatically repealed on June 30, 2026.
HB 1311 does more than approve administrative rules—it completes one of the nation's most comprehensive constitutional money frameworks.
While many states have focused on recognizing gold and silver as legal tender or removing tax barriers to their use, Florida went further by establishing a practical framework that allows qualifying precious metals to be securely held by licensed custodians and used through modern electronic payment systems. By approving the implementing rules, the Legislature ensured that framework can now move from statute to real-world operation.
Florida's implementation marks an important milestone in the broader constitutional money movement. As one of the first large states to establish a comprehensive framework for the practical use of constitutional money, Florida's experience is expected to help inform legislators and policymakers across the country as they consider similar legislation and implementation strategies.
HB 1311:
Beginning July 1, 2026, licensed custodians may begin offering accounts that allow Floridians to own qualifying gold and silver and initiate electronic payments using their allocated precious metals holdings. Participation remains entirely voluntary for consumers, merchants, financial institutions, and businesses.
Florida now becomes one of the first opportunities to evaluate how a modern constitutional money framework functions in practice at scale. Policymakers, regulators, and industry leaders around the country will be watching closely as implementation begins and the next chapter of the constitutional money movement unfolds.
The Transactional Gold Project is a national educational initiative dedicated to restoring gold and silver to practical use as constitutional money. The Project provides research, educational resources, model legislation, and policy support to legislators, state officials, and the public as states explore modern constitutional money solutions.
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