Enrolled HB 44: Relating to fees for using an automated teller machine; and providing for an effective date.
00Enrolled HB 44 01 Relating to fees for using an automated teller machine; and providing for an effective date. 02 _______________ 03 * Section 1. AS 06 is amended by adding a new chapter to read: 04 Chapter 90. Miscellaneous Provisions. 05 Sec. 06.90.010. Automated teller machine fee. Unless a fee is otherwise 06 prohibited by or conflicts with federal law, a person that owns an automated teller 07 machine may charge a fee for the use of the automated teller machine to conduct a 08 transaction accessing an account from an international financial institution. In this 09 section, 10 (1) "automated teller machine" means an electronic device that 11 dispenses cash in connection with a credit, deposit, or checking account at an 12 international financial institution; 13 (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).