The act requires retail establishments that offer goods or services to accept United States currency (cash) to purchase the goods or services, but does not apply to:
- Establishments that do not have an individual accepting payment in person;
- Establishments that provide a device to convert cash into a prepaid card with no fee and a minimum balance of no more than one dollar;
- A transaction in which a security deposit is placed on a credit card or in which a credit card number is provided to cover unforeseen damages or expenses; and
- A bank or credit union.
A violation is a class 2 petty offense punishable by a fine of up to $250. The act applies to offenses committed on or after the effective date of this act.
(Note: This summary applies to this bill as enacted.)