SB530 Alabama 2010 Session

Sponsors

Session

Regular Session 2010

Title

Gold and precious metal buying businesses, state and county business licenses, operation from permanent place of business, record keeping required, criminal penalties, exceptions

Description

<p class="bill_description"> Under existing law, there is no provision that prohibits the operation of a transient gold buying business in the state</p><p class="bill_description"> This bill would provide for permit requirements and record keeping that would prevent the transient operation of a gold buying business</p><p class="bill_description"> This bill would also provide for criminal liability for violation of the provisions herein contained</p><p class="bill_description"> Amendment 621 of the Constitution of Alabama of 1901, now appearing as Section 111.05 of the Official Recompilation of the Constitution of Alabama of 1901, as amended, prohibits a general law whose purpose or effect would be to require a new or increased expenditure of local funds from becoming effective with regard to a local governmental entity without enactment by a 2/3 vote unless: it comes within one of a number of specified exceptions; it is approved by the affected entity; or the Legislature appropriates funds, or provides a local source of revenue, to the entity for the purpose</p><p class="bill_description"> The purpose or effect of this bill would be to require a new or increased expenditure of local funds within the meaning of the amendment. However, the bill does not require approval of a local governmental entity or enactment by a 2/3 vote to become effective because it comes within one of the specified exceptions contained in the amendment</p><p class="bill_entitled_an_act"> To provide for permit requirements and record keeping that would prevent the transient operation of a gold or precious item buying business; to provide that a violation of this act is a Class B misdemeanor; and in connection therewith would have as its purpose or effect the requirement of a new or increased expenditure of local funds within the meaning of Amendment 621 of the Constitution of Alabama of 1901, now appearing as Section 111.05 of the Official Recompilation of the Constitution of Alabama of 1901, as amended. </p>

Subjects

Crimes and Offenses