HB 296 (BR 1214) - R. Webb, B. Smith
AN ACT relating to fair competition in the marketing of motor fuel.
Create new sections of KRS Chapter 365, relating to trade practices, to define "affiliate", "competition", "dealer", "motor fuel", "nonrefiner", "nonrefiner cost", "person", "posted terminal price", "refiner", "refiner cost", "relevant geographic market", "retail facility", "sale", "supplier", "terminal facility", "ust system", and "wholesaler"; prohibit pricing schemes, price discrimination, and discriminatory rebates in the sale and marketing of motor fuel; establish legal exemptions for sales that meet lawful competition, clearance sales and liquidations, court orders, grand openings, and price differences due to differences in costs; establish a fine up to $10,000 per day for violations of the Act; allow the Attorney General to investigate violations and issue subpoenas; provide for damages to be tripled by the court for private actions seeking injunctive relief for violations of the Act; establish the short title of Kentucky Fair Competition Act of 2004.
HB 296 - AMENDMENTS
HCS - Replace existing text with an LRC study of subsidized pricing of motor fuels and its effect on competition.
Jan 15-introduced in House
Jan 16-to Tourism Development and Energy (H)
Feb 13-posted in committee
Feb 18-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 19-2nd reading, to Rules
Feb 25-posted for passage in the Regular Orders of the Day for Thursday, February 26, 2004
Mar 23-taken from the Regular Orders of the Day; recommitted to Appropriations and Revenue (H)