Illinois HB4537 amends the Local Governmental Acceptance of Credit Cards Act to allow local governments to enter into agreements with third-party.
HB4537 amends the Local Governmental Acceptance of Credit Cards Act to allow local governments to enter into agreements with third-party software providers to ensure correct remittance for credit card payments. The governing body of a local governmental entity may enter into agreements with financial institutions or service providers to facilitate credit card payments, but these agreements cannot restrict the use of other payment systems. The governing body may also enter into agreements with third-party software providers to ensure the entity receives the correct remittance for payment.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.