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