Bill Text: AZ SB1242 | 2015 | Fifty-second Legislature 1st Regular | Introduced

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Bill Title: Credit card fees; state entities

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2015-01-29 - Referred to Senate FI Committee [SB1242 Detail]

Download: Arizona-2015-SB1242-Introduced.html

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REFERENCE TITLE: credit card fees; state entities

 

 

 

State of Arizona

Senate

Fifty-second Legislature

First Regular Session

2015

 

 

SB 1242

 

Introduced by

Senator Dial

 

 

AN ACT

 

amending title 44, chapter 35, article 1, Arizona Revised Statutes, by adding section 44-7807; relating to credit cards.

 

 

(TEXT OF BILL BEGINS ON NEXT PAGE)

 

Be it enacted by the Legislature of the State of Arizona:

Section 1.  Title 44, chapter 35, article 1, Arizona Revised Statutes, is amended by adding section 44-7807, to read:

START_STATUTE44-7807.  Use fees for state entities; enforcement; civil penalty

a.  If an issuer does business with a state entity that acts as a merchant, any fee that the issuer charges the state entity when the issuer's credit card is used must be the issuer's lowest fee.  The state entity may require the issuer to submit a certified statement to the state entity that the fee is the issuer's lowest fee.

B.  The attorney general may enforce this section in cooperation with the state treasurer.

C.  A person who violates this section is subject to a civil penalty equal to three times the fee that the issuer charged to the state entitiy.END_STATUTE