Use Of Gold Coins In Colorado --- School snack bill fails to make grade
Arizona Coin Collector
The state of Colorado says no to using gold coins to
pay debts. See story below.
----------------------------------------------
School snack bill fails to make grade
By Ed Sealover
Rocky Mountain News
Published February 11, 2009 at 6:53 p.m.
Updated February 12, 2009 at 12:01 a.m.
Lawmakers Wednesday pulled the plug on bills calling for
healthy snacks in schools, tax breaks for new-home
buyers and wider use of gold coins in Colorado.
Senate Bill 46, which would have required schools to
sell only healthy snacks, died in the Senate Education
Committee.
Panel members said they agreed with the intent of
SB 46 but believed local school boards should decide
what snacks to sell.
The home buyers' tax break met the same fate after
opponents said it would have cost the state too much
money.
Under House Bill 1212 by Rep. Larry Liston, R-Colorado
Springs, buyers of new single- family homes would
have received a tax credit of 3 percent of the purchase
price, up to a maximum of $10,000.
The House Finance Committee said "no" to a bill by that
would have allowed debts to be paid in precious metal
coins.
..
mazorj
"Arizona Coin Collector" <nos...@nospam.com> wrote in message
news:Z5ednaZAMLzLJwnU...@earthlink.com...
> Hello
>
> The state of Colorado says no to using gold coins to
> pay debts. See story below.
>
> ----------------------------------------------
>
> FROM:
> http://www.rockymountainnews.com/news/2009/feb/11/bill-pushing-healthy-snacks-schools-dies/?partner=RSS
>
> School snack bill fails to make grade
>
> By Ed Sealover
> Rocky Mountain News
>
> Published February 11, 2009 at 6:53 p.m.
> Updated February 12, 2009 at 12:01 a.m.
>
> Lawmakers Wednesday pulled the plug on bills calling for
> healthy snacks in schools, tax breaks for new-home
> buyers and wider use of gold coins in Colorado.
>
> The House Finance Committee said "no" to a bill by that
> would have allowed debts to be paid in precious metal coins.
A sensible move if it was aimed at paying debts to the state. The
market value of PMs can shift significantly twixt the time that they
are tendered and when the state converts them into cash. The only
interesting thing here is that they perceived a need to make this
explicit. Were tax collectors and DMV clerks itching to take PM coins
in lieu of cash?
Would this bill have applied to private debts not involving the
government? That's unwarranted intrusion. Private transactions
should allow payment in PMs if both parties agree.
PC
"mazorj" <maz...@verizon.net> wrote in message
news:oThll.52$Bl...@nwrddc01.gnilink.net...
>
> A sensible move if it was aimed at paying debts to the state. The market
> value of PMs
PM is .... ???????????
Arizona Coin Collector
"PC" <P...@Minneapolis.mn.us> wrote in message
news:gn4aqb$3sj$1...@news.motzarella.org...
Paper Money? Demand Notes?
Jud
Arizona Coin Collector wrote:
>
> Paper Money? Demand Notes?
Precious Metal? 8-)
Yesssssssss my preciousssssssssss <Golum>