Illinois Administrative Code › Title 74 - PUBLIC FINANCE › Part 735 - E-PAY PROGRAM › Subpart B - DEFINITIONS › Section 735.200 - Definitions

Current through Register Vol. 48, No. 28, July 12, 2024
"Act" means the State Treasurer Act  [15 ILCS 505  ] that
				  establishes the E-Pay Program.
"Constituent" means a person or entity that utilizes the
				  E-Pay Program to make payments or donations of public funds to a
				  participant.
"Custodian" means a public agency or a recipient.
"Electronic Signature" means a signature in
				  electronic form attached to or logically associated with an electronic
				  record.
[5 ILCS 175/5-105  ]
"E-Pay Agreement" means the participant agreement that sets
				  forth the Treasurer's terms and conditions for participation in the E-Pay
				  Program.
"E-Pay Program" means the electronic payments processing
				  program provided to public agencies to facilitate the acceptance and processing
				  of credit card, debit card or E-check payments made to public agencies.
"Enrollment Form" means the form provided by the Treasurer to
				  collect the required pertinent public agency information for enrollment into
				  the E-Pay Program.
"Master Services Agreement" means the participant agreement
				  that sets forth the E-Pay Program fees and the processor's terms and conditions
				  for participation in the E-Pay Program.
"Participant" means a public agency that has been accepted by
				  the Treasurer and enrolled into the E-Pay Program.
"PCI Data Security Standards" means the technical and
				  operational requirements set forth by the Payment Card Industry (PCI) Security
				  Standards Council for organizations accepting or processing payment
				  transactions, and for software developers and manufacturers of applications and
				  devices used in those transactions.
"Principal" means an individual who is authorized by the
				  public agency or statute to execute contractual agreements on behalf of the
				  public agency.
"Processor" means a vendor designated by the Treasurer,
				  through a competitive bidding process, to provide electronic payment services
				  via point-of-sale (POS), internet and telephone for the E-Pay Program.
"Public Agency" has the same meaning as in Section 17 of the
				  Act. Questions regarding whether an entity qualifies as a component unit of a
				  public agency shall be resolved by the Treasurer, referring to Governmental
				  Accounting Standards Board (GASB) pronouncements, including but not limited to
				  GASB Statement 14: The Financial Reporting Entity. Component units need not be
				  limited to those entities which may be designated as component units by the
				  Illinois Office of the Comptroller and may include, but need not be limited to,
				  area agencies on aging and other providers under the Illinois Act on the Aging
				   [20 ILCS 105  ].
"Public Funds" means
current operating funds, special
				  funds, interest and sinking funds, and funds of any kind or character belonging
				  to or in the custody of any public agency
.  [30 ILCS 235/1  ]
"Recipient" means a person or entity that receives public
				  funds in the form of a fee or donation on behalf of a public agency.
"Settlement Account" means an account established by a
				  participant to settle funds from E-Pay Program activity.
"Settlement Bank" means the institution designated by the
				  participant that is responsible for the settlement of funds from E-Pay Program
				  activity.
"State Agency" means the State of Illinois or any officer,
				  agency, board, commission, authority or department thereof. "State Agency" does
				  not include the judicial or legislative branches of state government, and does
				  not include colleges or universities.
"Treasurer" means the duly elected Treasurer of the State of
				  Illinois or the Treasurer's designees.
"Treasurer's Website" means
www.illinoistreasurer.gov
or the
				  successor to that website.