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House passes bill allowing vendors to elect electronic gold or silver payments
Summary
The House passed first substitute HB 195 to let state vendors choose electronic payment in gold or silver (or remain in dollars); an amendment made vendors responsible for transaction costs on physical metal payments. Supporters said the bill preserves purchasing power; opponents did not speak on record during floor debate.
Representative Ken Ivory introduced first substitute House Bill 195, saying the measure would let vendors and service providers to the state choose to be paid in gold or silver electronically or continue to be paid in dollars. "What is money?" Ivory asked on the House floor as he framed the bill around preserving…
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