Senate Bill sb1300

    Florida Senate - 2001                                  SB 1300

    By Senator Lawson





    3-943-01

  1                      A bill to be entitled

  2         An act relating to the State University System;

  3         amending s. 240.289, F.S.; authorizing

  4         institutions in the system to accept credit

  5         cards, charge cards, and debit cards for

  6         payment of tuition and fees without imposing a

  7         convenience fee; authorizing such institutions

  8         to absorb the cost of using such a card;

  9         authorizing such institutions to enter into

10         contracts with financial institutions for

11         certain purposes; providing an effective date.

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13  Be It Enacted by the Legislature of the State of Florida:

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15         Section 1.  Section 240.289, Florida Statutes, is

16  amended to read:

17         240.289  Credit card, charge card, and debit card use

18  in university system; authority.--

19         (1)  The several universities in the State University

20  System are authorized, pursuant to s. 215.322, to enter into

21  agreements and accept credit card, charge card, or debit card

22  payments as compensation for goods, services, tuition, and

23  fees in accordance with rules established by the Board of

24  Regents.

25         (2)  In addition, the several universities are also

26  authorized to accept credit cards, charge cards, and debit

27  cards for the payment of tuition and fees without the

28  imposition of a convenience fee for such card services. The

29  costs incurred by the several universities in accepting credit

30  cards, charge cards, and debit cards may be absorbed by the

31  universities as a cost of doing business. The universities may

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    Florida Senate - 2001                                  SB 1300
    3-943-01




  1  use any source of nonappropriated funds to cover the costs of

  2  accepting such cards. Subject to approval by the State

  3  Treasurer, universities also may negotiate credit card

  4  contracts, charge card contracts, and debit card contracts

  5  with financial institutions whereby a compensating balance may

  6  be placed on deposit with the financial institutions to cover

  7  the costs of accepting credit cards, charge cards, and debit

  8  cards. The several universities may accept credit card, charge

  9  card, or debit card payments at any location where

10  compensation is received for goods, services, tuition, or

11  fees, whether the payer makes payment in person or by

12  electronic means.

13         Section 2.  This act shall take effect upon becoming a

14  law.

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17                          SENATE SUMMARY

18    Authorizes institutions in the State University System to
      accept credit cards, charge cards, and debit cards for
19    payment of tuition and fees without charging a
      convenience fee for a card's use. Authorizes the
20    institutions to absorb the costs of such fees and allows
      them to enter into contracts with financial institutions
21    under which compensating balances may be placed on
      deposit to cover the costs of accepting such cards.
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CODING: Words stricken are deletions; words underlined are additions.