State of Illinois
91st General Assembly
Legislation

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91_SB1191sam001

 










                                             LRB9106143WHcsam

 1                    AMENDMENT TO SENATE BILL 1191

 2        AMENDMENT NO.     .  Amend Senate Bill 1191 by  replacing
 3    the title with the following:

 4        "AN  ACT  to  amend  the Uniform Disposition of Unclaimed
 5    Property Act by adding Section 10.6."; and

 6    by replacing everything after the enacting  clause  with  the
 7    following:

 8        "Section   5.  The  Uniform  Disposition   of   Unclaimed
 9    Property Act is amended by adding Section 10.6 as follows:

10        (765 ILCS 1025/10.6 new)
11        Sec. 10.6.  Gift certificates and gift cards.
12        (a)  This  Act applies to a gift certificate or gift card
13    only if:
14             (i)  the gift certificate or gift card  contains  an
15        expiration date or expiration period; and
16             (ii)  none of the exceptions in this Section apply.
17        (b)  This  Act  does  not  apply to a gift certificate or
18    gift card that contains  an  expiration  date  or  expiration
19    period if:
20             (i)  the  gift  certificate  or gift card was issued
 
                            -2-              LRB9106143WHcsam
 1        before the effective date of this amendatory Act  of  the
 2        91st General Assembly; and
 3             (ii)  it is the policy and practice of the issuer of
 4        the  gift  certificate  or  gift  card  to honor the gift
 5        certificate or gift card after its expiration date or the
 6        end of its expiration period and the issuer posts written
 7        notice of the policy and practice at locations  at  which
 8        the  issuer  sells  gift certificates or gift cards.  The
 9        written notice shall be an original or a copy of a notice
10        that the State Treasurer shall  produce  and  provide  to
11        issuers free of charge.
12        (c)  Nothing   in   this   Section   applies  to  a  gift
13    certificate or gift card if the value of the gift certificate
14    or gift card was reported and remitted under this Act  before
15    the effective date of this amendatory Act of the 91st General
16    Assembly.

17        Section 99.  This Act takes effect upon becoming law.".

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