1599-0025 - Online Transaction Activity Expansion Retained Revenue

Account Description FY2011
GAA
FY2012
House 1
1599-0025 Online Transaction Activity Expansion Retained Revenue
To provide the commonwealth's customers with the convenience of expanded access to internet payment options and to improve revenue collections and cash flow, the secretary of administration and finance may expend an amount not to exceed $1,000,000 collected from payments made electronically to subsidize the costs associated with processing those payments; provided, that the secretary, in consultation with the comptroller, may enter into agreements with state agencies to provide for an electronic transaction fee subsidy, which shall be structured to expire after 3 years
1,000,000 1,000,000