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Amend the bill by inserting after section 1 the following:
‘Sec. 2. Effective date; application. This Act takes effect January 1, 2021 and applies to gift obligation cards sold on or after January 1, 2021.’
Amend the bill by relettering or renumbering any nonconsecutive Part letter or section number to read consecutively.
 
SUMMARY
This amendment provides that this legislation, which exempts gift obligation cards from the Uniform Unclaimed Property Act by establishing that a gift obligation card is never presumed abandoned, is effective January 1, 2021 and applies to gift obligation cards sold on or after January 1, 2021.