A federal judge has put a temporary stop to New Jersey’s plan to generate up to $80 million from unused gift cards, calling cards and money orders. And it’ll stay that way until a hearing is held.
Maybe so people can use them to buy a last-minute Gov. Chris Christie gift?
As part of the state budget, lawmakers passed a bill allowing the state to claim funds from inactive gift cards and other stored-value cards after two years.
The state can claim funds from inactive travelers’ checks and money orders after three years.
The law was set to go into effect on Nov. 15, but several companies challenged it.