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A BILL TO BE ENTITLED
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AN ACT
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relating to the use of certain coins and bullion as legal tender. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subtitle A, Title 15, Business & Commerce Code, |
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is amended by adding Chapter 662 to read as follows: |
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CHAPTER 662. GOLD AND SILVER COIN AND GOLD AND SILVER BULLION AS |
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LEGAL TENDER |
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Sec. 662.001. LEGAL TENDER IN THIS STATE. Gold and silver |
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coin and gold and silver bullion are legal tender in this state to |
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the extent allowable under Section 10, Article I, United States |
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Constitution. |
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Sec. 662.002. USE OF GOLD OR SILVER COIN OR GOLD OR SILVER |
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BULLION. (a) A person may use gold or silver coin or gold or |
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silver bullion as legal tender in this state for the payment of any |
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private or public debt. |
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(b) Notwithstanding Subsection (a), a person may not be |
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compelled to accept or tender gold or silver coin or gold or silver |
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bullion. |
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SECTION 2. This Act takes effect immediately if it receives |
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a vote of two-thirds of all the members elected to each house, as |
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provided by Section 39, Article III, Texas Constitution. If this |
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Act does not receive the vote necessary for immediate effect, this |
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Act takes effect September 1, 2015. |