SB 143 (Skinner) Junk Dealers and Recyclers. Nonferrous Material. Payment by General Use Prepaid Cards. Chapter 243, Statutes of 2019 (Urgency) This measure makes a number of changes related to junk dealers. Specifically, this measure:

  • Authorizes general use prepaid cards as a form of payment junk dealers or recyclers may provide for nonferrous material;
  • Requires the junk dealer or recycler to pay any one-time or initial use fees associated with the card; and
  • Prohibits account activity fees from being charged to the general use card.

For Owner/Agents, SB 143 should make it easier to calculate income from recycling.  Owner/Agents should remember to treat the prepaid card as a saving account and count the current balance of the card as an asset.