Senate Bill sb2548
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Florida Senate - 2007 SB 2548
By Senator Crist
12-363A-07
1 A bill to be entitled
2 An act relating to sellers of travel; amending
3 s. 559.935, F.S.; limiting an exemption from
4 registration requirements provided for sellers
5 of travel who offer vacation certificates and
6 who have contracted with the Airlines Reporting
7 Corporation to sellers of travel who are wholly
8 owned, directly or indirectly, by a company
9 that is publicly traded on a nationally
10 recognized stock exchange; amending s. 559.927,
11 F.S.; providing that certain vacation plans and
12 packages are not regulated as vacation
13 certificates if the seller of travel is wholly
14 owned, directly or indirectly, by a company
15 that is publicly traded on a nationally
16 recognized stock exchange; providing an
17 effective date.
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19 Be It Enacted by the Legislature of the State of Florida:
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21 Section 1. Subsection (2) of section 559.935, Florida
22 Statutes, is amended to read:
23 559.935 Exemptions.--
24 (2) Sections 559.928, 559.929, 559.9295, 559.931, and
25 559.932 do shall not apply to:
26 (a) Sellers of travel directly issuing airline tickets
27 who have contracted with the Airlines Reporting Corporation
28 for the most recent consecutive 3 years or more under the same
29 ownership and control and who do not offer vacation
30 certificates; or
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Florida Senate - 2007 SB 2548
12-363A-07
1 (b) Sellers of travel offering vacation certificates
2 who have contracted with the Airlines Reporting Corporation
3 for the most recent consecutive 5 years or more, if the seller
4 of travel is wholly owned, directly or indirectly, by a
5 company that is publicly traded on a nationally recognized
6 stock exchange under the same ownership and control.
7 Section 2. Subsection (11) of section 559.927, Florida
8 Statutes, is amended to read:
9 559.927 Definitions.--For the purposes of this part,
10 the term:
11 (11) "Vacation certificate" means any arrangement,
12 plan, program, or vacation package that promotes, discusses,
13 or discloses a destination or itinerary or type of travel,
14 whereby a purchaser for consideration paid in advance is
15 entitled to the use of travel, accommodations, or facilities
16 for any number of days, whether certain or uncertain, during
17 the period in which the certificate can be exercised, and no
18 specific date or dates for its use are designated. Such an
19 arrangement, plan, program, or vacation package may not be
20 regulated as a vacation certificate under this part if the
21 does not include prearranged travel, tourist-related services,
22 or tour-guide services when a seller of travel remits full
23 payment for the cost of such services to the provider or
24 supplier within 10 business days of the purchaser's initial
25 payment to the seller of travel, or if the seller of travel is
26 wholly owned, directly or indirectly, by a company that is
27 publicly traded on a nationally recognized stock exchange.
28 Section 3. This act shall take effect July 1, 2007.
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Florida Senate - 2007 SB 2548
12-363A-07
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2 SENATE SUMMARY
3 Limits an exemption for sellers of travel who offer
vacation certificates and who have contracted with the
4 Airlines Reporting Corporation to sellers of travel who
are wholly owned, directly or indirectly, by a company
5 that is publicly traded on a nationally recognized stock
exchange. Provides that certain vacation plans and
6 packages are not regulated as vacation certificates if
the seller of travel is wholly owned, directly or
7 indirectly, by a company that is publicly traded on a
nationally recognized stock exchange.
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