About Us

The Texas Bullion Depository Bill was signed into law by Governor Greg Abbott on June 12, 2015, officially establishing the first ever state-administered precious metals bullion depository (HB 483; originally filed and submitted by Rep. Giovanni Capriglione (R - Southlake)). The establishment of the Texas Bullion Depository creates an official depository operation by the State of Texas, with depository services provided by Lone Star Tangible Assets of Austin, Texas.

"Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals. With the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state." - Texas Governor Greg Abbott

The law provides for a depository administrator who is charged with oversight of the depository operations to ensure compliance with the law. The Comptroller of Public Accounts appoints the depository administrator. You can learn more about the creation of the depository, the launch of future services and how the depository will be administered by reviewing the links below.

Macy Douglas is a 20+ year veteran of the Texas Comptroller's office, currently serving as the agency's director of Treasury Operations and is responsible for the day-to-day management of the bank accounts and revenues used to fund the $320 billion biennial enterprise of state government. Treasury Operations processes an average of more than $550 million in deposits each day and pays more than 2 million state warrants annually.

Douglas, a graduate of the University of Texas at Austin, has a degree in finance, and has held several key management roles at the agency in areas responsible for statewide financial operations and oversight. In addition to state accounting, Douglas has experience in travel and purchase expenditure handling, payroll processing, contract management, vendor oversight, and project management, including implementing enterprise resource planning solutions.

The Office of the Depository Administrator may be reached by calling or emailing using the information listed below.

+1 (512) 463-3875

+1 (512) 463-8828

+1 (800) 531-4441 ext. 38828

depository.administrator@cpa.texas.gov

Kelly Hancock assumed the duties of Acting Texas Comptroller of Public Accounts on July 1, 2025. As the state’s chief financial officer, the Comptroller oversees the state treasury, collects taxes, and provides accurate revenue estimates to guide the biennial budgeting process. The office also manages a broad range of initiatives, including Texas’ new education savings account program, broadband expansion, opioid abatement funding, unclaimed property, rural law enforcement grants, economic development, transparency in government spending, and support for border security efforts through management of key appropriations.

A strong advocate for the conservative values of limited government and lower taxes, Kelly believes the Comptroller’s office plays a critical role in sustaining Texas’ economic success by safeguarding tax dollars, implementing forward-thinking initiatives, and ensuring transparency in state spending. He draws on a long history of public service to fulfill this statewide role and serve every Texas taxpayer.

Kelly served in the Texas Legislature for nearly 20 years, first in the House and then in the Senate, where he helped shape sound financial policy and authored conservative state spending cap legislation.

A Fort Worth native and founding owner/operator of a respected family business, Kelly’s commitment to public service was sparked by fatherhood. He served 13 years on his local school board, driven by a desire to ensure a quality education for his own kids and others in the community.

Over the course of his legislative career, Kelly spent a decade on the budget-writing Senate Finance Committee and five years on the Legislative Budget Board, gaining deep experience in setting state fiscal priorities. He also chaired several key legislative committees; as chair of the Senate Business and Commerce Committee, he championed job growth and worked to cut government red tape, passing the largest occupational licensing deregulation measure in Texas history.

Kelly has passed more than 300 pieces of legislation focused on taxpayer protection, fiscal responsibility, energy independence, transportation innovation, border security, healthcare price transparency, veterans’ benefits, and more. His consumer protection work includes model legislation to prevent surprise medical billing.

He has also raised awareness about the life-saving importance of organ donation—a cause made personal by his quiet, decades-long battle with a rare kidney disease. He ultimately received a transplant from a living donor: his son-in-law.

Kelly holds a bachelor’s degree in business administration from Baylor University. He and his wife, Robin, have three children and are proud grandparents to six young Texans.