SB12-137 Summary

• Establishes legislative findings that Colorado citizens have constitutional rights to acquire, possess, and circulate gold and silver coins for property protection and security.

• Declares that gold and silver coin circulation within Colorado intrastate commerce vitally affects public interest and state government retains primary jurisdiction over regulating such commerce.

• Reaffirms that gold and silver coin issued by the United States government or authorized by law is legal tender for payment of all debts and taxes in Colorado.

• Prohibits any person from compelling another person to tender or accept gold and silver coin issued by the United States government or authorized by law.

• Takes effect 90 days after final adjournment of the general assembly (August 8, 2012) unless subject to referendum petition, in which case it requires voter approval at the November 2012 general election.