La. Admin. Code tit. 71 § VII-111
Current through Register Vol. 50, No. 11, November 20, 2024
Section VII-111 - State ChargeA. Treasury, from time to time, will negotiate with card providers for a fee for processing payment card transactions with state entities. Treasury will seek to achieve reasonable fees that reflect the economies of scale achieved by negotiation. The fees may be composed of a percentage and/or a specific dollar amount as determined by treasury and the card providers.B. The state charges shall encompass these various fees charged by card providers and include other applicable fees including fees by third party processors, or fees assessed by providers of Internet payment processing services. The state charges shall be in the form of a uniform dollar amount or percentage assessed for each card or device and for each method of conducting transactions to be accepted by state entities. The state charges will be revised from time to time and the treasurer shall notify state entities of the revised state charges.La. Admin. Code tit. 71, § VII-111
Promulgated by the Department of Treasury, LR 27:737 (May 2001), amended LR 28:2205 (October 2002), repromulgated LR 29:196 (February 2003).AUTHORITY NOTE: Promulgated in accordance with R.S. 49:316.1.