Bill Text: NY S00195 | 2009-2010 | General Assembly | Introduced

---

Bill Title: Requires revenue from the sale of prepaid telephone calling cards to be deposited in an escrow account; such revenue may only be withdrawn to the extent the holders of such cards use the authorized telephone service.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2010-01-06 - REFERRED TO ENERGY AND TELECOMMUNICATIONS [S00195 Detail]

Download: New_York-2009-S00195-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          195
                              2009-2010 Regular Sessions
                                   I N  S E N A T E
                                      (PREFILED)
                                    January 7, 2009
                                      ___________
       Introduced  by  Sen.  KRUGER -- read twice and ordered printed, and when
         printed to be committed to the Committee on  Energy  and  Telecommuni-
         cations
       AN  ACT  to  amend  the public service law, in relation to proceeds from
         prepaid telephone calling cards
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 92-f of the public service law is amended by adding
    2  a new subdivision 9 to read as follows:
    3    9.  ANY PREPAID TELEPHONE CALLING CARD DISTRIBUTOR WHO OFFERS OR SELLS
    4  TO THE PUBLIC IN OR FROM THE STATE OF NEW YORK SHALL, NO LATER THAN  THE
    5  NEXT BUSINESS DAY AFTER RECEIPT THEREOF, DEPOSIT ALL SUCH PROCEEDS IN AN
    6  ESCROW  ACCOUNT  IN  A  BANK,  TRUST  COMPANY, SAVINGS BANK, OR STATE OR
    7  FEDERAL SAVINGS AND LOAN ASSOCIATION,  LOCATED  IN  THIS  STATE.  MONIES
    8  DEPOSITED  IN  ESCROW SHALL BE RELEASED UPON USE OF SUCH CARDS FOR WHICH
    9  SUCH MONIES HAVE BEEN DEPOSITED TO THE EXTENT THAT SUCH MONIES REPRESENT
   10  PAYMENT FOR PREPAID TELEPHONE CALLING CARDS SOLD. SUCH MONIES  SHALL  BE
   11  RELEASED  TO  LONG  DISTANCE TELEPHONE CARRIERS AT THE TIME SUCH PREPAID
   12  CALLING CARD IS PURCHASED. EACH PREPAID TELEPHONE CALLING CARD  CUSTOMER
   13  SHALL,  UNTIL  USE  OF  SUCH  CARD,  RETAIN  A PROPERTY INTEREST IN THAT
   14  PORTION OF THE DEPOSIT WHICH EQUALS THE AMOUNT  HE  HAS  PAID  FOR  SUCH
   15  CARD.
   16    S 2. This act shall take effect on the first day of the calendar month
   17  next  succeeding  the thirtieth day after it shall have became a law and
   18  shall apply to any prepaid calling cards sold or distributed on or after
   19  such effective date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD03097-01-9