2009-03-12 — bizjournals.com
Now assigned to the House of Representatives’ Banks & Banking committee, HB 430, or the Constitutional Tender Act, would require the use of gold and silver coin for the repayment of debts to the state, notably all state taxes. It would also mandate that any bank conducting business with the state accept gold and silver coins as deposits.
Unfortunately there is no mention that there is nothing new in this bill; it seeks merely to reaffirm the US Constitutional requirement that no state make anything but gold and silver tender for payment of debts.
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