| Old | New | Differences | |
|---|---|---|---|
| 1 | 1 | 84R10718 GRM-D | |
| 2 | 2 | By: Tinderholt H.B. No. 3320 | |
| 3 | 3 | ||
| 4 | 4 | ||
| 5 | 5 | A BILL TO BE ENTITLED | |
| 6 | 6 | AN ACT | |
| 7 | 7 | relating to the use of certain coins and bullion as legal tender. | |
| 8 | 8 | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | |
| 9 | 9 | SECTION 1. Subtitle A, Title 15, Business & Commerce Code, | |
| 10 | 10 | is amended by adding Chapter 662 to read as follows: | |
| 11 | 11 | CHAPTER 662. GOLD AND SILVER COIN AND GOLD AND SILVER BULLION AS | |
| 12 | 12 | LEGAL TENDER | |
| 13 | 13 | Sec. 662.001. LEGAL TENDER IN THIS STATE. Gold and silver | |
| 14 | 14 | coin and gold and silver bullion are legal tender in this state to | |
| 15 | 15 | the extent allowable under Section 10, Article I, United States | |
| 16 | 16 | Constitution. | |
| 17 | 17 | Sec. 662.002. USE OF GOLD OR SILVER COIN OR GOLD OR SILVER | |
| 18 | 18 | BULLION. (a) A person may use gold or silver coin or gold or | |
| 19 | 19 | silver bullion as legal tender in this state for the payment of any | |
| 20 | 20 | private or public debt. | |
| 21 | 21 | (b) Notwithstanding Subsection (a), a person may not be | |
| 22 | 22 | compelled to accept or tender gold or silver coin or gold or silver | |
| 23 | 23 | bullion. | |
| 24 | 24 | SECTION 2. This Act takes effect immediately if it receives | |
| 25 | 25 | a vote of two-thirds of all the members elected to each house, as | |
| 26 | 26 | provided by Section 39, Article III, Texas Constitution. If this | |
| 27 | 27 | Act does not receive the vote necessary for immediate effect, this | |
| 28 | 28 | Act takes effect September 1, 2015. |