92nd General Assembly
Summary of HB1956
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House Sponsors:
MOFFITT-NOVAK-SAVIANO-CURRY,JULIE-LAWFER AND MATHIAS.

Senate Sponsors:
PETERSON-MADIGAN,R

Short description: 
LOCAL GOV-CREDIT CARD FEES                                                 

Synopsis of Bill as introduced:
        Amends the  Local  Government  Acceptance  of  Credit  Cards Act.      
   Provides  that  a local governmental entity may impose a fee on credit      
   card transactions that is  greater than the amounts specified  in  the      
   Act  if  (i)  the  fee  is  not  greater than the fee of the financial      
   institution or service provider accepting and processing  payments  an      
   behalf  of  the  local  governmental  entity  and  (ii)  the financial      
   institution or service provider was selected using procedures that are      
   in accordance with the Illinois Procurement Code. Effective                 
   immediately.                                                                
        HOUSE AMENDMENT NO. 1.                                                 
        Deletes everything.  Amends the Local  Government  Acceptance  of      
   Credit Cards Act with provisions substantially similar to those of the      
   bill as introduced. Changes from the bill as introduced include the         
   following: (1) requires that the financial institution or service           
   provider accepting and processing the credit card payments be selected      
   by competitive bid and, when applicable, in accordance with the             
   provisions of the Illinois Procurement Code (instead of requiring only      
   that thefinancial institution or service provider be selected using         
   procedures that are in accordance with the provisions of the Illinois       
   Procurement Code); and (2) requires the local governmental entity to        
   fully disclose the amount of the fee to the cardholder. Effective           
   immediately.                                                                
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


   END OF INQUIRY 



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