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AR HB1961

Bill

Official Source

Status

Introduced

3/11/2013

Primary Sponsor

Terry Rice

Click for details

Origin

House of Representatives

89th General Assembly (2013 Regular)

AI Summary

  • Prohibits scrap metal recyclers and processors from purchasing nonferrous metals using cash payments
  • Requires payment by prenumbered check drawn on the recycler's or processor's financial institution account, made payable to and mailed to the documented seller
  • Allows alternative payment method of electronic funds transfer or similar electronic payment to the seller's financial institution account
  • Exempts certain transactions listed in Arkansas Code § 17-44-102(h)(1)—(h)(3) from the cash sales prohibition

Legislative Description

Prohibiting Cash Sales Of Scrap Metal.

Last Action

WITHDRAWN BY AUTHOR

4/18/2013

Committee Referrals

Insurance and Commerce3/11/2013

Full Bill Text

No bill text available