Illinois HB4537 amends the Local Governmental Acceptance of Credit Cards Act to allow local governments to accept credit card payments and enter.
HB4537 amends the Local Governmental Acceptance of Credit Cards Act to allow local governments to accept credit card payments for various obligations. The governing body must determine if accepting credit card payments is in the best interest of the entity. The bill allows for agreements with third-party software providers to ensure correct remittances and authorizes fees or discounts for processing. It also ensures that agreements do not restrict the use of other payment systems. The Act takes effect immediately upon becoming law.
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.