79th Texas Legislature, Regular Session, Senate Bill 446, Chapter 81 Page: 2 of 7
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S.B. No. 446
1 (2) is sold below face value or donated to:
2 (A) an employee of the seller or issuer;
3 (B) a nonprofit or charitable organization; or
4 (C) an educational institution, for fund-raising
5 purposes;
6 (3) is issued by a financial institution acting as a
7 financial agent of the United States or this state;
8 (4) is issued as a prepaid calling card by a prepaid
9 calling card company regulated under Section 55.253, Utilities
10 Code;
11 (5) does not expire and for which the seller does not
12 charge a fee other than a fee described in Subsection (d); or
13 (6) is issued by an air carrier holding a certificate
14 of public convenience and necessity under Title 49, United States
15 Code.
16 (c) This section does not apply to a stored value card
17 issued by a federally insured financial institution, as defined by
18 Section 201.101, Finance Code, for which the financial institution
19 is primarily liable as the issuing principal.
20 (d) If disclosed as provided by Subsection (f), the issuer
21 of a stored value card may impose and collect a reasonable handling
22 fee in connection with the issuance of or adding of value to the
23 card, a reasonable access fee for a card transaction conducted at an
24 unmanned teller machine, as defined by Section 59.301, Finance
25 Code, and a reasonable reissue or replacement charge if a lost or
26 expired card is reissued or replaced.
27 (e) The issuer of a stored value card may impose or collect a2
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Texas. Legislature. Senate. 79th Texas Legislature, Regular Session, Senate Bill 446, Chapter 81, legislative document, May 17, 2005; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth157783/m1/2/: accessed April 25, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.