The bill establishes a regulatory framework for scrap metal transactions in Iowa, specifically focusing on the sale of telecommunications copper. It mandates that individuals wishing to sell telecommunications copper must obtain a permit from the sheriff of their county if they are residents of Iowa, or from any sheriff in the state if they are non-residents. The issuance of this permit is contingent upon the applicant not having more than two prior violations of the bill, declaring compliance with its provisions, and paying a permit fee not exceeding five dollars. The state patrol is tasked with developing the application and permit process in collaboration with county sheriffs and scrap metal dealers.

Additionally, the bill outlines the responsibilities of scrap metal dealers, including the requirement to maintain a confidential log of transactions and to ensure that sales over fifty dollars are conducted via check or electronic funds transfer. It also specifies penalties for violations, with escalating fines for repeat offenses. The bill aims to enhance oversight of scrap metal transactions, particularly concerning telecommunications copper, to prevent theft and ensure compliance with legal standards.

Statutes affected:
Introduced: 714.27