HB 44: "An Act relating to fees for using an automated teller machine; and providing for an effective date."
00 HOUSE BILL NO. 44 01 "An Act relating to fees for using an automated teller machine; and providing for an 02 effective date." 03 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 04 * Section 1. AS 06 is amended by adding a new chapter to read: 05 Chapter 90. Miscellaneous Provisions. 06 Sec. 06.90.010. Automated teller machine fee. Unless a fee is otherwise 07 prohibited by or conflicts with federal law, a person that owns an automated teller 08 machine may charge a fee for the use of the automated teller machine to conduct a 09 transaction accessing an account from an international financial institution. In this 10 section, 11 (1) "automated teller machine" means an electronic device that 12 dispenses cash in connection with a credit, deposit, or checking account at an 13 international financial institution; 14 (2) "international financial institution" means a person that is
01 organized and licensed under the laws of a foreign country to engage in a banking 02 business; in this paragraph, "banking business" means a business that offers deposit 03 accounts, makes loans, and conducts other financial transactions. 04 * Sec. 2. This Act takes effect immediately under AS 01.10.070(c).