Arizona 2022 Regular Session

Arizona Senate Bill SB1341 Compare Versions

Only one version of the bill is available at this time.

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1	1	REFERENCE TITLE: legal tender; specie; bitcoin State of Arizona Senate Fifty-fifth Legislature Second Regular Session 2022 SB 1341 Introduced by Senator Rogers AN ACT amending title 1, Arizona Revised Statutes, by adding chapter 9; relating to legal tender. (TEXT OF BILL BEGINS ON NEXT PAGE)
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9	9	REFERENCE TITLE: legal tender; specie; bitcoin
10	10	State of Arizona Senate Fifty-fifth Legislature Second Regular Session 2022
11	11	SB 1341
12	12	Introduced by Senator Rogers
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14	14	REFERENCE TITLE: legal tender; specie; bitcoin
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40	40	SB 1341
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52	52	AN ACT
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56	56	amending title 1, Arizona Revised Statutes, by adding chapter 9; relating to legal tender.
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62	62	(TEXT OF BILL BEGINS ON NEXT PAGE)
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66	66	Be it enacted by the Legislature of the State of Arizona: Section 1. Title 1, Arizona Revised Statutes, is amended by adding chapter 9, to read: CHAPTER 9 LEGAL TENDER ARTICLE 1. GENERAL PROVISIONS START_STATUTE1-901. Legal tender; definitions A. Legal tender in this state consists of all of the following: 1. any medium of exchange that is authorized by the United States constitution or congress for the payment of debts, public charges, taxes and dues. 2. Specie issued at any time by the United States government. 3. Any other specie that a court of competent jurisdiction rules by a final, unappealable order to be within the scope of state authority to make a legal tender. 4. Bitcoin. B. For the purposes of this section: 1. "bitcoin" means the decentralized, peer-to-peer digital currency in which a record of transactions is maintained on the bitcoin blockchain and new units of currency are generated by the computational solution of mathematical problems and that operates independently of a central bank. 2. "Specie" means coins having precious metal content.END_STATUTE
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68	68	Be it enacted by the Legislature of the State of Arizona:
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70	70	Section 1. Title 1, Arizona Revised Statutes, is amended by adding chapter 9, to read:
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72	72	CHAPTER 9
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74	74	LEGAL TENDER
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76	76	ARTICLE 1. GENERAL PROVISIONS
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78	78	START_STATUTE1-901. Legal tender; definitions
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80	80	A. Legal tender in this state consists of all of the following:
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82	82	1. any medium of exchange that is authorized by the United States constitution or congress for the payment of debts, public charges, taxes and dues.
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84	84	2. Specie issued at any time by the United States government.
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86	86	3. Any other specie that a court of competent jurisdiction rules by a final, unappealable order to be within the scope of state authority to make a legal tender.
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88	88	4. Bitcoin.
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90	90	B. For the purposes of this section:
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92	92	1. "bitcoin" means the decentralized, peer-to-peer digital currency in which a record of transactions is maintained on the bitcoin blockchain and new units of currency are generated by the computational solution of mathematical problems and that operates independently of a central bank.
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94	94	2. "Specie" means coins having precious metal content.END_STATUTE