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HB 254/LM (BR 1074) - T. Burch

     AN ACT relating to gift cards.
     Amend KRS 367.890, relating to gift cards, to provide for record of issuance; prohibit various use restrictions; make violation of this statute an unfair trade practice; provide for enforcement by county attorneys and the Attorney General; amend KRS 393.020, relating to property subject to escheat, to include gift cards.


     HFA (1, T. Burch) - Delete the provisions in subsections (5) to (8) of Section 1 and insert in subsection (5) that the gift card issuer shall not charge the purchaser an amount more than the full monetary value of the gift card or charge a fee for the issuance of a gift card; change the current subsection (6) to subsection (7) rather than subsection (10) and delete new language in the subsection; delete Section 2.

     Feb 6-introduced in House
     Feb 9-to Banking & Insurance (H)
     Feb 26-posted in committee
     Feb 28-reported favorably, 1st reading, to Calendar; floor amendment (1) filed
     Mar 1-2nd reading, to Rules
     Mar 7-recommitted to Appropriations & Revenue (H)

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