Kentucky Statutes 45.345 – Authorization of electronic payment methods for deposit in State Treasury — Provider fees
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(1) In addition to any payment method authorized by law, and notwithstanding any statute to the contrary, any state agency may accept the following methods of payment to secure funds for deposit into the State Treasury:
(a) Credit card; (b) Debit card;
(c) Electronic check;
(d) Automated clearinghouse (ACH) debit; or
(e) Any other electronic payment method upon the prior written approval of both the Finance and Administration Cabinet and the Office of the State Treasurer.
(2) Any fees charged to a state agency by the provider of the payment services listed in subsection (1) of this section shall be deemed to represent collection expenses and may be considered normal operating expenses of the agency, or the agency may collect convenience fees from users to supplement agency costs of delivering services.
Effective: June 24, 2003
History: Created 2003 Ky. Acts ch. 191, sec. 1, effective June 24, 2003.
(a) Credit card; (b) Debit card;
Terms Used In Kentucky Statutes 45.345
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Statute: A law passed by a legislature.
- written: means letters, words, or numbers, or their equivalent, set down by handwriting, typewriting, printing, photostating, photographing, magnetic impulse, mechanical or electronic recording, or other form of data compilation. See Kentucky Statutes 45.0005
(c) Electronic check;
(d) Automated clearinghouse (ACH) debit; or
(e) Any other electronic payment method upon the prior written approval of both the Finance and Administration Cabinet and the Office of the State Treasurer.
(2) Any fees charged to a state agency by the provider of the payment services listed in subsection (1) of this section shall be deemed to represent collection expenses and may be considered normal operating expenses of the agency, or the agency may collect convenience fees from users to supplement agency costs of delivering services.
Effective: June 24, 2003
History: Created 2003 Ky. Acts ch. 191, sec. 1, effective June 24, 2003.