§ 50 ILCS 345/1 Short title
§ 50 ILCS 345/10 Definitions
§ 50 ILCS 345/15 Local government credit card acceptance program
§ 50 ILCS 345/20 Election by local governmental entities to accept credit cards
§ 50 ILCS 345/25 Payment of fees by cardholders
§ 50 ILCS 345/30 Relief from underlying obligation
§ 50 ILCS 345/35 Liability of local governmental employees
§ 50 ILCS 345/99 Effective date

Terms Used In Illinois Compiled Statutes > 50 ILCS 345 - Local Governmental Acceptance of Credit Cards Act

  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.