Bill > HB4537

This bill amends the Local Governmental Acceptance of Credit Cards Act to allow local government entities that accept credit card payments to enter into agreements with third-party software providers to ensure they receive the correct amount of money for payments. It also clarifies that if a government entity has an agreement with a financial institution or other service provider to process credit card payments, that agreement cannot prevent the entity from using the payment processing system outlined in the State Treasurer Act or any other payment system they have already acquired. The State Treasurer Act is a state law that governs how the State Treasurer manages state funds and investments, and in this context, it likely refers to a specific payment processing system that the state has established or approved. This change aims to provide governments with more flexibility in managing their payment processing systems.

Budget and Finance

https://www.ilga.gov/Legislation/BillStatus?DocNum=4537&GAID=18&DocTypeID=HB&SessionID=114&GA=104