ASSEMBLY BILL 2466 (GOLDSMITHľ 1996)
CHAPTER 933, STATUTES OF 1996 - AB 2466
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Assembly member Jan Goldsmith introduced Assembly Bill 2466 on February 20, 1996 at the request of the National Pen Company. (See Exhibits #1a and #3) The bill only added Title 1.4A to the Civil Code composed of section 1749.5 and added section 1520.5 to the Code of Civil Procedure relating to gift certificates. (See Exhibit #1h)
Assembly Bill 2466 was assigned to the Assembly Committee on Consumer Protection, Governmental Efficiency and Economic Development and the Assembly Committee on Banking and Finance where policy issues raised by the bill were considered. (See Exhibits #2 and #3) The Assembly amended the bill on March 27, April 15, April 24, and May 9, 1996. (See Exhibits #1b through #1e and #2) Assembly Bill 2466 was approved by the Assembly and forwarded to the Senate on May 16, 1996. (See Exhibit #2)
While in the Senate, the Committee on Judiciary considered the policy issues raised by the bill. (See Exhibit #7) Subsequent to approval by that Committee, the bill was assigned to the Senate Committee on Appropriations which examined its fiscal implications. (See Exhibits #2 and #9) The Senate made two amendments to Assembly Bill 2466 on June 25 and July 16, 1996. (See Exhibits #1f, #1g and #2) The Senate thereafter approved the bill and returned it to the Assembly. (See Exhibit #2)
The Assembly approved the Senate amendments and Assembly Bill 2466 was forwarded to the Governor on September 4, 1996. Governor Pete Wilson signed the bill on September 25, 1996, and it was recorded by the Secretary of State on September 26, 1996 as Chapter 933 of the Statutes of 1996. (See Exhibits #1h and #2)
According to the analysis prepared by the Senate Committee on Judiciary for the bill as amended on May 9, 1996, the purpose of Assembly Bill 2466 was:
. . . to prohibit retailers from selling gift certificates which state on their face that they will not be honored after a certain date, and to require retailers to honor gift certificates after the gift certificates have expired.
(See Exhibit #7, page 2)