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NY S07314
Bill
Status
Passed
7/30/2010
Primary Sponsor
Craig Johnson
Click for details
AI Summary
- Amends Section 101-aaa of the Alcoholic Beverage Control Law to add "electronic funds transfer" to the definition of cash acceptable for alcoholic beverage transactions
- Expands permitted payment methods to include currency, coin, certified checks, money orders, electronic funds transfers, bank officer's checks, and drafts
- Maintains existing penalties for retail licensees on the delinquent list whose checks are not honored: suspension for up to 15 days for first offense and up to 60 days for subsequent offenses
- Preserves requirement that manufacturers and wholesalers may refuse uncertified checks from delinquent retail licensees
- Takes effect immediately upon enactment
Legislative Description
Amends the definition of cash to include electronic funds transfer for ABC purposes.
Last Action
SIGNED CHAP.298
7/30/2010
Committee Referrals
Codes4/27/2010
Investigations and Government Operations3/29/2010
Full Bill Text
No bill text available