Bill Text: NY S07314 | 2009-2010 | General Assembly | Introduced

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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

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                           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