Bill Text: NY S07314 | 2009-2010 | General Assembly | Introduced
Bill Title: Amends the definition of cash to include electronic funds transfer for ABC purposes.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2010-07-30 - SIGNED CHAP.298 [S07314 Detail]
Download: New_York-2009-S07314-Introduced.html
S T A T E O F N E W Y O R K ________________________________________________________________________ 7314 I N S E N A T E March 29, 2010 ___________ Introduced by Sen. C. JOHNSON -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the alcoholic beverage control law, in relation to adding electronic funds transfers to the definition of cash THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: 1 Section 1. Paragraph g of subdivision 1 of section 101-aaa of the 2 alcoholic beverage control law, as added by section 183 of part A of 3 chapter 389 of the laws of 1997, is amended to read as follows: 4 g. "Cash" means and includes currency and coin of the United States of 5 America, certified check, money order, ELECTRONIC FUNDS TRANSFER, bank 6 officer's check or draft, or a check drawn on the account of the retail 7 licensee payable to the manufacturer or wholesaler and dated no later 8 than the date of delivery of the alcoholic beverages and which is 9 honored upon presentment for payment; provided, however, that if any 10 check or other instrument described in this paragraph tendered by a 11 retail licensee on the delinquent list is not honored upon presentment 12 for payment, the license of such retail licensee may be suspended for 13 not more than fifteen days for the first offense, and not more than 14 sixty days for a subsequent offense, which penalty shall be in addition 15 to the penalty provided for by the provisions of [sudivision] SUBDIVI- 16 SION six of this section, and provided further, that nothing in this 17 section shall require a manufacturer or wholesaler to accept a check 18 tendered by or drawn on the account of a retail licensee on the delin- 19 quent list unless the same has been certified. 20 S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD16670-01-0