HB 1324-1_ Filed 03/19/2007, 09:54 Hershman
that Engrossed House Bill 1324 be amended to read as follows:
SOURCE: Page 1, line 1; (07)MO132401.1. -->
Page 1, between the enacting clause and line 1, begin a new
paragraph and insert:
SOURCE: IC 25-37.5-1-1; (07)MO132401.1. -->
"SECTION 1. IC 25-37.5-1-1 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 1. (a) When used in this
chapter, "valuable metal" means any product made of copper, copper
alloy, brass, aluminum, or aluminum alloy that is readily used or
(1) by a public utility, railroad, county, city or state highway
department, public or private school, or an institution of higher
(2) on residential or commercial property.
(b) As used in this chapter, "valuable metal dealer" means any
individual, firm, corporation, limited liability company, or partnership
engaged in the business of purchasing and reselling valuable metal
either at a permanently established place of business or in connection
with a business of an itinerant nature, including junk shops, junk yards,
junk stores, auto wreckers, scrap metal dealers or processors, salvage
yards, collectors of or dealers in junk, and junk carts or trucks.
(c) As used in this chapter, "purchase" means acquiring a valuable
metal product or products by a valuable metal dealer in a single
transaction of one hundred dollars ($100) or more for a consideration,
but does not include purchases between scrap metal processing
facilities (as defined in IC 8-12-1-3(d)).".
SOURCE: Page 2, line 13; (07)MO132401.2. -->
Page 2, line 13, after "purchased." insert " However, a valuable
metal dealer is not required to make a copy of a government issued
photographic identification used under subsection (a)(4) to verify
the identity of the person from whom valuable metal is purchased
if the valuable metal dealer has retained a copy of a person's
government issued photographic identification from a prior
purchase from the person by the valuable metal dealer.".
Page 2, line 18, strike "Within".
Page 2, strike lines 19 through 27.
Page 2, after line 33, begin a new paragraph and insert:
SOURCE: IC 25-37.5-1-3; (07)MO132401.3. -->
"SECTION 3. IC 25-37.5-1-3 IS AMENDED TO READ AS
FOLLOWS [EFFECTIVE JULY 1, 2007]: Sec. 3. The superintendent
of the state police department may adopt rules under IC 4-22-2 as may
be necessary to administer and enforce the provisions and intent of this
chapter. The superintendent shall also prepare and distribute a list to
each valuable metal dealer describing:
valuable metal products of interest to public utilities, railroads,
county, city or state highway departments, public or private
schools, or an institution of higher education; and
(2) valuable metal products of interest for use on residential
or commercial property.
Renumber all SECTIONS consecutively.
(Reference is to EHB 1324 as printed March 16, 2007.)