SB 38-1_ Filed 02/28/2005, 09:54 Lanane
Adopted 2/28/2005

SENATE MOTION


MADAM PRESIDENT:

    I move that Senate Bill 38 be amended to read as follows:

Page 2, delete lines 10 through 13.
    Page 2, line 14, delete "(2)" and insert " (1)".
    Page 2, line 18, delete "(3)" and insert " (2)".
    Page 2, line 24, after "5." insert " (a)".
    Page 2, line 24, after "provided in" insert " subsection (b) and".
    Page 2, line 27, after "service" insert " fee,".
    Page 2, line 27, delete "or".
    Page 2, line 27, delete "fee." and insert " fee, dormancy charge, or inactivity charge.".
    Page 2, delete line 28, begin a new paragraph and insert:
    " (b) A gift certificate may be subject to an initial fee at the time the gift certificate is issued.".
    Page 2, line 31, delete "The language "Expires: (insert date)."" and insert " One (1) of the following".
    Page 2, line 32, delete "10" and insert " 8".
    Page 2, line 33, delete "certificate." and insert " certificate:
            (A) The date or time period after which the gift certificate expires.
            (B) The exact date on which the gift certificate was issued and the number of days following the date of issuance after which the gift certificate expires.
".
    Page 2, line 36, delete "dormancy or".
    Page 2, line 37, delete "inactivity charge" and insert " fee".
    Page 2, delete lines 38 through 42, begin a new line block indented and insert:
        " (1) The fee does not begin to accrue until at least six (6) months after the date on which the gift certificate was issued.
        (2) A statement printed on the gift certificate or on a sticker permanently affixed to the gift certificate in at least 8 point type states:
            (A) the type of fee and the dollar amount of the fee; and
            (B) one (1) of the following:


                (i) The date or time period after which the fee begins to accrue.
                (ii) The exact date on which the gift certificate was issued and the number of days following the date of issuance after which the fee begins to accrue.
".
    Page 3, delete lines 1 through 12.
    Page 3, line 13, delete "9." and insert " 8.".
    (Reference is to SB 38 as printed February 25, 2005.)

________________________________________

Senator LANANE


DS 003801/DI dlh
2005