Amendments to Michigan HB4689

9 March 2000
Amendment A

Proposed by Senator Shugars:

1. Amend page 3, line 17, after "SUBSECTION" by striking out "(2) or (3)" and inserting "(2), (3) , or (5)".

2. Amend page 3, line 25, after "SUBSECTION" by striking out "(2) or (3)" and inserting "(2), (3), or (5)".

Amendment B

Proposed by Senator Van Regenmorter:

Amend page 6, following line 6, by inserting:

"Enacting section 1. This amendatory act does not take effect until 90 days after the date it is enacted."

Amendment C

None.

Amendment D

Proposed by an unnamed senator:

1. Amend page 1, line 9, after "LAW" by inserting "OR OF ONLINE PC OR VIDEO GAMES OF SKILL".

2. Amend page 5, following line 13, by inserting:

"(E) ONLINE OR PC VIDEO GAMES OF SKILL."

3. Amend page 5, line 19, after "INSTITUTIONS." by inserting "THIS SECTION DOES NOT REQUIRE A FINANCIAL INSTITUTION TO DECLINE TO HONOR THE PAYMENT OF A WAGER OR LOSS THAT IS PAID OR IS ATTEMPTED TO BE PAID."

4. Amend page 5, line 21, after "LOSS" by striking out the balance of the line and inserting "ONLY BECAUSE THE PRESENTMENT FOR PAYMENT OF A WAGER OR LOSS IS IN VIOLATION OF SUBSECTION (13)".

5. Amend page 5, line 25, after "OF" by striking out "ANY" and inserting "THE".

6. Amend page 5, line 26, after "OF" by striking out "ANY" and inserting "THE".

7. Amend page 6, line 2, after "MADE" by inserting a comma and "IF THE NAME AND ADDRESS OF THE GAMBLING BUSINESS APPEAR ON THE MOST RECENT LIST DISTRIBUTED TO THE FINANCIAL INSTITUTION PURSUANT TO SUBSECTION (13)".

Amendment E:

Proposed by Senator Shugars:

Amend page 5, line 15, after "PAID", by inserting "As used in this section, "PRESENT FOR PAYMENT" does not include a presentment for payment transactions between or among financial institutions."