§ 17B-1-644. Definitions -- Electronic payments -- Fee.

(1) As used in this section:

(a) "Electronic payment" means the payment of money to a local district by electronic means, including by means of a credit card, charge card, debit card, prepaid or stored value card or similar device, or automatic clearinghouse transaction.

(b) "Electronic payment fee" means an amount of money to defray the discount fee, processing fee, or other fee charged by a credit card company or processing agent to process an electronic payment.

(c) "Processing agent" means a bank, transaction clearinghouse, or other third party that charges a fee to process an electronic payment.

(2) A local district may accept an electronic payment for the payment of funds which the local district could have received through another payment method.

(3) A local district that accepts an electronic payment may charge an electronic payment fee.

Renumbered and Amended by Chapter 329, 2007 General Session