Bill > SB431

This bill amends the Sale of Recycled Metals Act to change its name to the Recycled Metals Act and make several administrative improvements. It defines key terms like "regulated material," "secondhand metal dealer," and "scrap metal yard." The bill requires secondhand metal dealers to register with the state, maintain detailed records of purchases, and report transactions to the state within two business days. It also gives state inspectors and peace officers more authority to inspect records and temporarily hold suspected stolen property. The bill increases the registration fee and requires dealers to notify the state when they go out of business. Overall, the changes aim to enhance regulation and oversight of the scrap metal industry.

Transportation and Infrastructure

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=431&year=17