Amend CSHB 2962 (house committee printing) by adding the following the following appropriately numbered SECTION to the bill and renumbering subsequent SECTIONS of the bill accordingly:
SECTION ____. Subchapter B, Chapter 403, Government Code, is amended by adding Section 403.0233 to read as follows:
Sec. 403.0233. CREDIT OR DEBIT CARD AGREEMENT BENEFITTING INSTITUTIONS OF HIGHER EDUCATION. (a) In this section, "institution of higher education" has the meaning assigned by Section 61.003, Education Code.
(b) A rule adopted by the comptroller under Section 403.023 may not prohibit an institution of higher education that enters into an agreement with a credit or debit card issuer under which the issuer is required to pay the institution an amount of money based on the use of the credit or debit card by a cardholder from retaining any money paid by the issuer to the institution under the agreement.