Senate Bill S7314

Signed By Governor
2009-2010 Legislative Session

Relates to the definition of cash for ABC purposes

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Sponsored By

Archive: Last Bill Status - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-S7314 (ACTIVE) - Details

See Assembly Version of this Bill:
A10569
Law Section:
Alcoholic Beverage Control Law
Laws Affected:
Amd §101-aaa, ABC L

2009-S7314 (ACTIVE) - Summary

Amends the definition of cash to include electronic funds transfer for ABC purposes.

2009-S7314 (ACTIVE) - Sponsor Memo

2009-S7314 (ACTIVE) - Bill Text download pdf 

                            
                    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:

  Section  1.  Paragraph  g  of  subdivision 1 of section 101-aaa of the
alcoholic beverage control law, as added by section 183  of  part  A  of
chapter 389 of the laws of 1997, is amended to read as follows:
  g. "Cash" means and includes currency and coin of the United States of
America,  certified  check, money order, ELECTRONIC FUNDS TRANSFER, bank
officer's check or draft, or a check drawn on the account of the  retail
licensee  payable  to  the manufacturer or wholesaler and dated no later
than the date of delivery  of  the  alcoholic  beverages  and  which  is
honored  upon  presentment  for  payment; provided, however, that if any
check or other instrument described in  this  paragraph  tendered  by  a
retail  licensee  on the delinquent list is not honored upon presentment
for payment, the license of such retail licensee may  be  suspended  for
not  more  than  fifteen  days  for the first offense, and not more than
sixty days for a subsequent offense, which penalty shall be in  addition
to  the  penalty provided for by the provisions of [sudivision] SUBDIVI-
SION six of this section, and provided further,  that  nothing  in  this
section  shall  require  a  manufacturer or wholesaler to accept a check
tendered by or drawn on the account of a retail licensee on  the  delin-
quent list unless the same has been certified.
  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

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