(1) A custodian of gold coin or silver coin as defined in s. 560.103 which holds public deposits must do all of the following: (a) Meet the definition of a qualified public depository as defined in s. 280.02, except that such custodian is not required to be insured by the Federal Deposit Insurance Corporation or the National Credit Union Share Insurance Fund for purposes of holding gold coin or silver coin as defined in s. 215.986. Such custodian must maintain insurance as prescribed in s. 560.214. (b) Comply with all other applicable qualified public depository requirements and be subject to the provisions of this chapter. (2) The Chief Financial Officer shall adopt rules to implement this section.
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