Bill Summary for Bill Number SB10-155

Date: 03/10/2010

Final
BILL SUMMARY for SB10-155

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR

Votes: View-->	Action Taken:
Moved amendment L.007 (Attachment I). The motion Moved to refer Senate Bill 10-155, as amended, to	Pass Without Objection PASS

02:46 PM -- Senate Bill 10-155

Representative Benefield, prime sponsor, presented Senate Bill 10-155. The bill establishes the following requirements for gift cards:

the issuer must redeem the card if the remaining value is less than $5;
an issuer is prohibited from selling a gift card that has any type of service or maintenance fee; and
it is a deceptive trade practice for any violations.

02:55 PM

Representative Benefield responded to questions from the committee regarding the type of cards covered under the bill and who is responsible for paying out the remaining balance of the cards if it is under $5.

02:57 PM -- Aaron Segel, representing COPIRG, testified in support of the bill.

02:59 PM -- Eric Rothaus, representing the State Treasurer's Office, testified in support of the bill. Representative Soper asked how gift cards are purchased and whether there is a fee.

03:00 PM -- Greg Glischinski, representing the AARP, testified in support of the bill. He said the bill is sensible for the consumer and talked about the benefits of the cash return.


BILL:	SB10-155
TIME:	03:03:24 PM
MOVED:	Gagliardi
MOTION:	Moved amendment L.007 (Attachment I). The motion passed without objection.
SECONDED:	Bradford
		VOTE
	Balmer
	Bradford
	Casso
	Kerr A.
	Liston
	Middleton
	Priola
	Soper
	Stephens
	Gagliardi
	Rice

Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	SB10-155
TIME:	03:05:37 PM
MOVED:	Middleton
MOTION:	Moved to refer Senate Bill 10-155, as amended, to the Committee on Finance. The motion passed 10-0.
SECONDED:	Gagliardi
		VOTE
	Balmer	Excused
	Bradford	Yes
	Casso	Yes
	Kerr A.	Yes
	Liston	Yes
	Middleton	Yes
	Priola	Yes
	Soper	Yes
	Stephens	Yes
	Gagliardi	Yes
	Rice	Yes

Final YES: 10 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS