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Arizona Governor Vetoes Bill to Make Gold, Silver Currency
May. 03, 2013 09:24AM PST
Silver InvestingMineweb reported that late on Thursday, Arizona Governor Jan Brewer vetoed a bill that would have allowed Arizona to recognize gold and silver as legal tender.
Mineweb reported that late on Thursday, Arizona Governor Jan Brewer vetoed a bill that would have allowed Arizona to recognize gold and silver as legal tender.
As quoted in the market news:
The Arizona Legislature could chose to over-ride the governor’s veto of SB 1439. However, a 2/3 vote is required by each chamber—House and Senate—to over-ride her veto. However, the Republican controlled Senate only approved the measure by an 18-10 vote.
Governor Brewer stated in a letter to Andy Biggs, the state’s senate president:
While I believe the concern over a devalued dollar as a result of an unsustainable federal deficit is justified, I am unable to support this legislation. I believe the provisions in this legislation need to be more carefully examined and there should be prior coordination with those government agencies tasked with the oversight of these transactions.