LD 1892
pg. 2
Page 1 of 3 PUBLIC Law Chapter 580 Page 3 of 3
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LR 2565
Item 1

 
C.__"Necessities" includes food for human or animal
consumption; pharmaceutical products, including prescription
medications; wearing apparel; shoes; building materials; gas
and electricity for light, heat and power; ice; fuel of all
kinds; and fertilizer and fertilizer ingredients; together
with tools, utensils, implements, machinery and equipment
required for the actual production or manufacture of the same.__
"Necessities" includes any other vital or necessary good or
service except those:

 
(1)__Subject to continuous maximum price regulation
under the provisions of any state or federal law;

 
(2)__As to which the State's authority is preempted; or

 
(3)__Furnished or provided by:

 
(a)__Insurers; or

 
(b)__Nonprofit hospitals, medical service
organizations or health maintenance organizations
authorized to transact business within the State
pursuant to Title 24 and Title 24-A.

 
D.__"Unconscionable price" means a price that is actionable
under this section.__There is a rebuttable presumption that
a price is unconscionable when it exceeds by more than 15%
the sum of:

 
(1)__The price at which similar goods or services were
offered for sale or sold by that person immediately
prior to the beginning date of the abnormal market
disruption.__If that person did not offer such goods or
services immediately prior to the abnormal market
disruption, then the price is the price at which
similar goods or services were offered for sale or sold
by another person similarly situated prior to the
abnormal market disruption; and

 
(2)__The increased cost calculated according to the
method used by that person prior to the abnormal market
disruption.

 
2.__Declaration.__ Whenever it appears upon due inquiry and
consultation with the Attorney General that an abnormal market
disruption exists or that there is a substantial likelihood that
an abnormal market disruption is imminent, the Governor may, in
the Governor's sole discretion and after considering whether the
declaration of an abnormal market disruption itself will disrupt


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