(A) Incorporation. The Village incorporates by reference the provisions of the Illinois Local Governmental Acceptance of Credit Cards Act (50 ILCS 345/1 et seq.) (the "Act"), as amended, into this section. The corporate authorities of the Village held a public hearing on November 14, 2016, as required by the Act, for the purpose of making a determination of whether to enact rules to allow the Village to accept payment by credit cards for all "authorized obligations" (as defined in the Act), such as any fine, fee, charge, tax, or cost imposed by, owing to, or collected by the Village. The corporate authorities of the Village passed Ordinance No. CO-2016-24 on November 14, 2016, that amended the Code to enact this section.
(B) Definition of credit card. The Act defines CREDIT CARD as “an instrument or device, whether known as a credit card, bank card, charge card, debit card, automated teller machine card, secured credit card, smart card, electronic purse, prepaid card, affinity card, or by any other name, issued with or without fee by an issuer for the use of the holder to obtain credit, money, goods, services, or anything else of value.”
(C) Policy regarding acceptance of credit cards. The Village Administrative Policy Regarding Acceptance of Payments By Credit Cards (the "Policy") (a copy of which was attached as Exhibit "A" to Ordinance No. CO-2016-24 and made a part thereof) and any future amendments to the policy are incorporated into this section by reference without further action by the corporate authorities of the Village. The policy contains the rules governing the manner of acceptance of payments by credit cards for all "authorized obligations" (as defined in the Act), such as any fine, fee, charge, tax, or cost imposed by, owing to, or collected by the Village. The Village Manager is authorized to approve and enact any amendments to the Policy that are consistent with or necessary to comply with the Act. A copy of the policy is available from the Village Clerk's Office upon request.
(Ord. CO-2016-24, passed 11-17-2016)