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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.".