Rhode Island recyclers may face new cash limits

Jan 29, 2013 | 04:41 PM |

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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