HLS 16RS-844 ORIGINAL 2016 Regular Session HOUSE BILL NO. 239 BY REPRESENTATIVE CHAD BROWN SECONDHAND DEALERS: Removes the waiting period imposed on the sales of certain metals 1 AN ACT 2To amend and reenact R.S. 37:1973(A)(1)(introductory paragraph), relative to scrap metal 3 recyclers; to regulate payments for certain air conditioning coils; and to provide for 4 related matters. 5Be it enacted by the Legislature of Louisiana: 6 Section 1. R.S. 37:1973(A)(1)(introductory paragraph) is hereby amended and 7reenacted to read as follows: 8 ยง1973. Payment by loadable payment card or check for copper, aluminum-copper 9 air conditioning coils, or other metals required; check cashing prohibited 10 A.(1) An operator shall not enter into any cash transactions in payment for 11 the purchase of copper or aluminum-copper air conditioning coils. After five 12 business days from the date of the transaction, payment Payment for copper or 13 aluminum-copper air conditioning coils shall be made in the form of a check made 14 payable to the name and address of the seller of the copper or aluminum-copper air 15 conditioning coils, or a loadable payment card and shall be tendered to the seller in 16 any of the following manners: 17 * * * Page 1 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions. HLS 16RS-844 ORIGINAL HB NO. 239 DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] HB 239 Original 2016 Regular Session Chad Brown Abstract: Removes the five-day waiting period imposed on sales of copper or aluminum- copper air conditioning coils. Present law regulates payments made relative to transactions for the purchase of copper or aluminum-copper air conditioning coils. Further, present law imposes a five-day waiting period as a restriction on sales of copper or aluminum-copper air conditioning coils. Proposed law removes the five-day waiting period imposed on sales of copper or aluminum-copper air conditioning coils but other wise retains present law. (Amends R.S. 37:1973(A)(1)(intro. para.)) Page 2 of 2 CODING: Words in struck through type are deletions from existing law; words underscored are additions.