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Assembly Bill A10569

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 Via S7314 - Signed by Governor

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2009-A10569 (ACTIVE) - Details

See Senate Version of this Bill:
S7314
Law Section:
Alcoholic Beverage Control Law
Laws Affected:
Amd ยง101-aaa, ABC L

2009-A10569 (ACTIVE) - Summary

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

2009-A10569 (ACTIVE) - Sponsor Memo

2009-A10569 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  10569

                          I N  A S S E M B L Y

                              April 7, 2010
                               ___________

Introduced  by  M.  of  A.  SCHIMMINGER -- read once and referred to the
  Committee on Economic Development, Job Creation, Commerce and Industry

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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