LOCAL LAW NO. "E" FOR 2023
A LOCAL LAW OF THE COUNTY OF ALBANY, NEW YORK REQUIRING THE ELECTRONIC REPORTING OF TRANSACTIONS OF PRECIOUS METAL EXCHANGE DEALERS AND SECONDHAND DEALERS IN ALBANY COUNTY
Introduced: 5/8/23
By Domalewicz, Cunningham and O'Brien:
BE IT ENACTED by the Legislature of the County of Albany New York as follows:
Section 1. Title
This local law shall be known as "Precious Metals Exchange and Secondhand Dealers Reporting Law."
Section 2. Legislative Intent
The Legislature hereby finds and determines that the creation of a uniform, countywide electronic reporting program for tangible personal property acquired by precious metal exchange establishments, pawnshops and secondhand merchants will curtail the distribution and facilitate the recovery of stolen property in Albany County.
The Legislature further finds and determines that advances in technology make the establishment of such an electronic reporting system to monitor and track the transactions set forth in this local law both necessary for the protection of the citizens of Albany County and feasible for such precious metal exchange establishments, pawnshops, and secondhand merchants.
Therefore, the purpose of this local law is to establish a uniform electronic reporting system for precious metal exchanges, pawnshops, and dealers in secondhand articles to assist the law enforcement community in tracing and recovering stolen property.
Section 3. Definitions
a. "Antiques" are such items or collectibles recognized as such by established dealer associations within the industry, other than items defined as precious metals herein.
b. "Antiques Dealer" shall mean a person, corporation, partnership, association, Limited Liability Corporation or other entity that offers to the public for sale antiques.
c. "Antique Firearm" - Any muzzle-loading pistol, revolver, or other firearm with a matchlock, flintlock, percussion cap or similar type of ignition system or a firearm that uses ...
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