Jersey Legislators Pass Reform Bill to Bolster Record-keeping
San Francisco, CA -- (SBWIRE) -- 10/31/2012 -- New Jersey scrap yard owners are all for new proposed legislation that means to help fight thieves trying to sell them stolen scrap metal.
One local scrap dealer, Giordano’s Recycling, already uses ID scanners, sophisticated radiation detectors and a panoply of security cameras to try and deter, and occasionally catch, would-be scrap thieves.
Operations manager at Giodano’s, Nick Giorgano, is working with New Jersey lawmakers to try and beef-up efforts to thwart illicit scrap activities. Giorgano, who is also president of the New Jersey Chapter of the Institute of Scrap Recycling Industries, is lending his experience and his company’s experience in deterring illegal scrap sales to legislators.
“We’re way ahead of the curve,” Giordano says of his company’s industry-leading efforts.
The current bill, reform bill A-3222, successfully exited an Assembly committee earlier in the week, but still needs legislative approval, as well as ratification by the governor, before it becomes enforceable law.
The bill will require that scrap metal businesses keep receipts of all business transactions for at least five years. Existing New Jersey law only require records of sales exceeding either 100 lbs. or $50 be kept for that long.
Recycling businesses would also be required to pay for scrap only via non-transferable checks. Cash payments would be made illegal.
The law would also mandate that photographic records of all metal sold or received be kept.
Critics of the law say that the new record-keeping requirements would require generation of unreasonable amounts of paperwork. Giodano says his business averages between 800 and 1,000 transactions per days.
Local police already sift through transactions from pawn shops and other second-hand goods businesses on a weekly basis, says Millville Police Lt. Ed Zadroga and maintains that police can handle the extra work, though he asks says that concerns about paperwork for both businesses and police are understandable.
National Insurance Crime Bureau statistics show that metal thefts have increased 81% since 2008, likely due to the poor economy. South Jersey ranked 10th among all metropolitan areas in the country in scrap metal theft.
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