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Latest Update: Wednesday, July, 09th 2008

Companion Bill SB4038. Consumer Protection - Prohibits the diminution in value of gift cards and gift certificates. - Amends TCA Title 47, Chapter 18. Fiscal Summary for *HB4023 / SB4038Increase State Revenue - Not Significant Increase State Expenditures - Not Significant Increase Local Revenue - Not Significant Increase Local Expenditures - Not Significant Bill Summary for *HB4023 / SB4038 Under this bill, any gift certificate or gift card would retain its full unused value until presented in exchange for merchandise; no gift certificate or gift card would expire until the full unused value of the certificate or card has been spent; and no dormancy fee may be charged against a gift card or gift certificate. A violation of this bill would be an unfair or deceptive act or practice affecting the conduct of any trade or commerce [...]

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Latest Actions
  • 04/01/2008 - Taken Off Notice For Calendar in: Consumer & Employees Affairs Committee
  • 03/26/2008 - Placed on Calendar Consumer & Employees Affairs Committee for 04/01/2008
  • 03/25/2008 - Action Deferred in Consumer & Employees Affairs Committee to 4/1/2008
  • 03/19/2008 - Placed on Calendar Consumer & Employees Affairs Committee for 03/25/2008
  • 03/18/2008 - Recommended For Passage by Subcommittee Referred to Consumer & Employees Affairs Committee

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Bill Text
File name Last Updated
HB4023 Bill Text PDF02/04/2008

Fiscal Notes
File name Last Updated
SB4038 Fiscal Notes PDF02/07/2008