Bitcoin Laws has published details of North Carolina's Bitcoin Investment Act, House Bill 506, which would create a new independent North Carolina Investment Authority (NCIA) headed by the state treasurer. The NCIA would have the authority to invest 5% of the state's various funds in digital assets. North Carolina's HB506 bill does not really create a'bitcoin reserve '. North Carolina's HB506 bill is probably the closest conceptually to Florida's two bills: HB 487 and SB 550. Both of these laws authorize state public funds to invest in bitcoin, but do not create a reserve (there is no mandatory holding requirement, for example).