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2011 SESSION

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HB 2050 Secondhand metal articles; sales procedures.

Introduced by: Charles W. Carrico, Sr. | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

Purchasers of secondhand metal articles. Requires any person buying secondhand metal articles used by or belonging to a railroad, telephone, mining, industrial, manufacturing, or public utility company to pay for such articles by check if the cost of the items exceeds $1,000. HB 1597 is incorporated.

SUMMARY AS INTRODUCED:

Scrap metal processors.  Requires scrap metal processors to make and retain a photograph of nonferrous scrap, metal articles, and proprietary articles received from the seller. The measure also requires, in transactions where the seller is not an authorized scrap metal seller or his authorized agent or employee, that scrap metal processors (i) withhold payment for any sale of such items for five business days and (ii) not pay cash to the seller of such items if the cost of the items exceeds $100.