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FL S1528
Bill
AI Summary
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Requires secondary metals recyclers to complete transaction forms within 24 hours of acquiring regulated metals and transmit them to appropriate law enforcement officials, with option to use electronic databases and transmission with law enforcement approval.
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Authorizes law enforcement to provide software and computer equipment to recyclers for electronic transmission of transaction records, eliminating need for paper copies unless requested for criminal investigation.
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Reduces record retention requirement for purchase transactions from 5 years to 2 years and limits liability of recyclers who obtain signed statements confirming sellers have complied with motor vehicle titling requirements.
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Prohibits cash transactions exceeding $1,000 for regulated metals purchases and all cash transactions for restricted regulated metals property (including manhole covers, utility structures, railroad equipment, catalytic converters, and shopping carts), requiring check or electronic payment instead.
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Establishes that compliance with statutory requirements creates an inference that recyclers did not know property was stolen and did not intend to commit theft or deal in stolen property; preempts local ordinances enacted after March 1, 2011 regulating secondary metals transactions.
Legislative Description
Secondary Metals Recyclers
Last Action
Indefinitely postponed and withdrawn from consideration
5/7/2011