Report Title:
Gift Certificates; Maintenance Fees Prohibited
Description:
Adds maintenance fees as a fee that is prohibited from being charged to dormant or inactive gift certificates. (HB3084 HD1)
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HOUSE OF REPRESENTATIVES |
H.B. NO. |
3084 |
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TWENTY-THIRD LEGISLATURE, 2006 |
H.D. 1 |
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STATE OF HAWAII |
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A BILL FOR AN ACT
relating to gift certificates.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:
SECTION 1. Section 481B-13, Hawaii Revised Statutes, is amended by amending subsection (a) to read as follows:
"(a) Any restaurant or person engaged in the business of offering services or goods for sale at retail may allow customers to purchase gift certificates; provided that the certificate issuer shall honor the certificate for a period of at least two years from the date of issuance. A certificate issuer shall not charge a service or maintenance fee, including but not limited to a service or maintenance fee for dormancy or inactivity."
SECTION 2. New statutory material is underscored.
SECTION 3. This Act shall take effect upon its approval.