Rhode Island recyclers may face new cash limits
Jan 29, 2013 | 04:41 PM
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Tags
copper scrap,
Copper Theft Prevention Act,
Rhode Island Recycled Metals,
Edward Sciaba,
recycling,
Nathan Laliberte
NEW YORK — Rhode Island recyclers would face tighter restrictions on cash transactions if legislators pass a new bill aimed at curbing the theft of copper.
Under the Copper Theft Prevention Act, recyclers would be prohibited from paying cash for transactions above $500 for regulated metals, which include copper. For all purchases above $500, payment must be made by check.
The law would also require dealers to obtain a license from the state Office of the Attorney General in order to buy or receive regulated metals.....
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