SB 49 (BR 925) - R. Roeding
AN ACT relating to gift cards.
Create a new section of KRS Chapter 367 to provide minimum lengths of time for the expiration of gift cards issued by businesses or charitable organizations; limits service charges or fees that may have the effect of reducing the value of the card, and mandates that a gift card sold without an expiration date is valid until redeemed or replaced.
SB 49 - AMENDMENTS
SCS - Retain all original provisions; add new language excluding cards issued by a merchant for a promotional program for which no separate monetary consideration is given.
SFA (1, R. Roeding) - Exclude from the definition of a gift card ones that can be redeemed with other merchants in addition to the merchant that issued the card.
SFA (2, R. Roeding) - Retain original provisions, but amend Section 1 to exclude a card that is usable with multiple, unaffiliated sellers of goods or services.
SFA (3, R. Roeding) - Retain original provisions; amend Section 1 to exempt a general-use, prepaid card or other electronic payment device that is issued by a bank or other financial institution that is usable at multiple, unaffiliated merchants, or at automated teller machines, or both, from the definition of a "gift card."
HCA (1, J. Bruce) - Create a new section of KRS Chapter 244 to prohibit a person under the age of 21 from redeeming a gift card or any portion of a gift card for the purchase of alcoholic beverages.
Jan 4-introduced in Senate
Jan 6-to Banking and Insurance (S)
Jan 27-reported favorably, 1st reading, to Calendar with Committee Substitute
Jan 30-2nd reading, to Rules
Jan 31-posted for passage in the Regular Orders of the Day for Wednesday, February 1, 2006
Feb 1-passed over and retained in the Orders of the Day; floor amendment (1) filed to Committee Substitute
Feb 2-passed over and retained in the Orders of the Day; floor amendment (2) filed
Feb 3-passed over and retained in the Orders of the Day; floor amendment (3) filed to Committee Substitute
Feb 6-3rd reading; floor amendments (1) and (2) withdrawn ; passed 35-0 with Committee Substitute, floor amendment (3)
Feb 7-received in House
Feb 8-to Banking and Insurance (H)
Feb 21-posting waived
Feb 22-reported favorably, 1st reading, to Calendar with committee amendment (1)
Feb 23-2nd reading, to Rules
Mar 1-posted for passage in the Regular Orders of the Day for Thursday, March 2, 2006
Mar 6-3rd reading, passed 95-2 with committee amendment (1)
Mar 7-received in Senate
Mar 8-posted for passage for concurrence in House committee amendment (1) for Thursday, March 9, 2006
Mar 10-Senate concurred in House committee amendment (1) ; passed 37-0
Mar 13-enrolled, signed by each presiding officer; delivered to Governor
Mar 24-signed by Governor (Acts ch. 28)