46th legislature - STATE OF NEW MEXICO - first session, 2003

RELATING TO PETROLEUM PRODUCTS; AMENDING THE PETROLEUM PRODUCTS FAIR TRADE PRACTICES ACT.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO:

Section 1. A new section of the Petroleum Products Fair Trade Practices Act is enacted to read:

"[NEW MATERIAL] GASOLINE DELIVERY--PAYMENT CONDITIONS.--

Gasoline shall be delivered to a purchaser by the seller upon retail sale if the purchaser has:

A. prepaid the seller with cash for all or part of the delivery;

B. obtained authorization from a credit card or debit card company to pay the seller for all or part of the delivery;

C. placed cash, a credit card or a debit card with the seller to assure payment for all or part of the delivery; or

D. received the seller's agreement that all or part of the delivery will be sold on credit or that payment for the gasoline will be made by some method other than cash, a credit card or a debit card."

Section 2. EFFECTIVE DATE.--The effective date of the provisions of this act is July 1, 2003.