Bill Status of HB4353  93rd General Assembly

Short Description:  GIFT CERTIFICATE ACT

House Sponsors
Rep. Terry R. Parke

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act

Synopsis As Introduced
Creates the Gift Certificate Act. Provides that it is unlawful for any person or entity to sell a gift certificate to a purchaser that contains an expiration date or a service fee including, but not limited to, a service fee for dormancy. Provides that any gift certificate sold after January 1, 2005, is redeemable in cash for its cash value or subject to replacement with a new gift certificate at no cost to the purchaser or holder. Provides that a gift certificate sold without an expiration date is valid until redeemed or replaced. Makes exceptions to the prohibition of the service fee for dormancy. Exempts prepaid calling cards that are issued solely to provide an access number and authorization code for the prepaid calling service from the requirements of the Act.

DateChamber Action
  2/2/2004HouseFiled with the Clerk by Rep. Terry R. Parke
  2/3/2004HouseFirst Reading
  2/3/2004HouseReferred to Rules Committee
  1/11/2005HouseSession Sine Die