76th OREGON LEGISLATIVE ASSEMBLY--2011 Regular Session
 
NOTE:  Matter within  { +  braces and plus signs + } in an
amended section is new. Matter within  { -  braces and minus
signs - } is existing law to be omitted. New sections are within
 { +  braces and plus signs + } .
 
LC 3557
 
                         Senate Bill 804
 
Sponsored by Senator MONNES ANDERSON
 
 
                             SUMMARY
 
The following summary is not prepared by the sponsors of the
measure and is not a part of the body thereof subject to
consideration by the Legislative Assembly. It is an editor's
brief statement of the essential features of the measure as
introduced.
 
  Defines 'gift card' to include card usable with more than one
seller of goods or services.
 
                        A BILL FOR AN ACT
Relating to gift cards; creating new provisions; and amending ORS
  646A.274.
Be It Enacted by the People of the State of Oregon:
  SECTION 1. ORS 646A.274 is amended to read:
  646A.274. As used in ORS 646A.276 and 646A.278, 'gift card '
means a prefunded record evidencing a promise that the issuer
will provide goods or services to the owner of the record in the
amount shown in the record { +  and includes a gift card that is
usable with more than one seller of goods or services + }. 'Gift
card' does not include prepaid telephone calling cards  { - , - }
 { +  or + } prepaid commercial mobile radio services as defined
in 47 C.F.R. 20.3   { - or any gift card usable with more than
one seller of goods or services - } .
  SECTION 2.  { + The amendments to ORS 646A.274 by section 1 of
this 2011 Act apply to gift cards issued or sold on or after the
effective date of this 2011 Act. + }
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