§15–102.

    (a)    Each public institution of higher education may honor credit cards as payment for:

        (1)    Tuition and fees;

        (2)    Room and board; and

        (3)    Any goods or services purchased from other auxiliary enterprises.

    (b)    The governing boards of the institutions shall determine which credit cards are acceptable for this purpose. However, a public institution may not accept a credit card from any credit card company which charges that institution a vendor discount, service charge or similar fee in excess of 2.5 percent.