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2002 SESSION

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HB 825 Public bodies to accept payments by commercially acceptable means.

Introduced by: Samuel A. Nixon, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Authority to accept payments by commercially acceptable means; service charge; bad check charge. Authorizes all public bodies to accept payments, except those assessed under § 19.2-353.3, by any commercially acceptable means and to levy a service charge in the amount of the lesser of the amount charged to the public body if it incurs a charge for accepting that method of payment or the amount negotiated and agreed to by contract. If a check or other method of payment is returned for insufficient funds, the bill authorizes public bodies to assess a service charge in the amount of the costs assessed to it or $25, whichever is greater. The bill also provides that that state public bodies must waive additional charges, except for those associated with bounced checks, if the use of this means of payment reduces its processing costs and losses due to bad checks or other receivable costs by an amount equal to or greater than the additional charge.


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