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Senate Engrossed |
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State of Arizona Senate Fifty-first Legislature Second Regular Session 2014
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SENATE BILL 1306 |
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AN ACT
amending title 35, chapter 2, Arizona Revised Statutes, by adding article 7; relating to credit card payments by governmental entities.
(TEXT OF BILL BEGINS ON NEXT PAGE)
Be it enacted by the Legislature of the State of Arizona:
Section 1. Title 35, chapter 2, Arizona Revised Statutes, is amended by adding article 7, to read:
ARTICLE 7. CREDIT CARD PAYMENTS BY GOVERNMENTAL ENTITIES
35-391. Credit card payments by governmental entities; disclosure; definitions
A. A governmental entity may require that a vendor accept payment by credit card for any goods or services provided by the vendor to the governmental entity. If a governmental entity requires that a vendor accept payment by credit card, that requirement must be contained in the procurement documents issued by the governmental entity for the contract and the incremental transaction cost that the vendor incurs must be added to the contract amount for the goods or services provided.
B. If a governmental entity pays a vendor by credit card for goods or services provided by the vendor to the governmental entity, the governmental entity shall disclose in its annual financial report the amount of any reward, discount, incentive or other financial consideration received by the governmental entity resulting from the credit card payment.
C. For the purposes of this section:
1. "Credit card" has the same meaning prescribed in section 35‑101.
2. "Governmental entity" means an agency, board, commission, department or other entity operating under the authority of this state or a city, town, county, school district, community college district or special taxing district.