S0060B0041A00019 DMS:EJH 01/23/17 #90 A00019
AMENDMENTS TO SENATE BILL NO. 60
Sponsor: SENATOR VULAKOVICH
Printer's No. 41
Amend Bill, page 1, line 3, by inserting after "for"
license required, for
Amend Bill, page 1, line 4, by inserting after "inspection"
and for penalty
Amend Bill, page 1, lines 7 through 9, by striking out all of
said lines and inserting
Section 1. Sections 2 and 4 of the act of February 24, 1984
(P.L.92, No.17), referred to as the Precious Metal Sale
Regulation Law, are amended to read:
Section 2. License required.
(a) Dealer.--A dealer in precious metals shall obtain a
license from the sheriff of each and every county in which the
dealer purchases precious metals. The license shall be displayed
in the area of the business where precious metal transactions
transpire.
(b) Application form.--The application for such license
shall be on a form as prescribed in regulations promulgated by
the Attorney General.
(c) License fee.--The license fee shall not exceed [$50]
$125 per year as set by the Attorney General. Such fee shall be
paid into the treasury of the county where the license is issued
for the use of the county, with not less than 50% of the fee
allocated to the county sheriff's office.
(d) Duration of license.--The license shall be for one year.
(e) Application to be public record.--Such license
application shall be a public record available to the general
public for inspection.
(f) Dealer compliance fee.--Any county may impose a
compliance fee which shall be used to pay costs associated with
the management and maintenance of computer software used to
monitor the input and recording of precious metal transactions.
The fee shall also be used to provide related support for
transactions between dealers in precious metals and the dealer's
customers and shall be paid by a dealer in precious metals as a
condition of licensure. The fee shall be determined by the
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county and shall not exceed $250 annually.
Amend Bill, page 3, by inserting between lines 5 and 6
Section 2. Section 10 of the act is amended by adding a
subsection to read:
Section 10. Penalty.
* * *
(b.1) Allocation of portion of fines collected.--
Notwithstanding the provisions of 42 Pa.C.S. ยงยง 3571 (relating
to Commonwealth portion of fines, etc.) and 3573 (relating to
municipal corporation portion of fines, etc.), 10% of the fines
collected under subsections (a) and (b) for a violation of this
act shall be allocated to pay the costs of the county computer
software under section 2(f).
* * *
Amend Bill, page 3, line 6, by striking out "2" and inserting
3
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