SB3321

Illinois SB3321 amends the Local Governmental Acceptance of Credit Cards Act to allow local governments to enter into agreements with third-party.

Illinois SB3321 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. These agreements must specify the services provided, fees charged, and payment methods. The bill also allows for discounts or processing fees if the governing body determines it to be in the entity's best interest.