3.   Any contract entered into on or after the effective date of this act by a board of education, a board of trustees, or the lead administrator of a nonpublic school with a third-party vendor for the development or use of a payment processing platform shall require the payment processing platform to provide users with clear information on:
 
   a.   all fees charged for use of the platform;
 
   b.   the average annual fees incurred by a user of the platform; and
 
   c.   the availability of an alternative no-fee means to make direct payments through the board of education, board of trustees, or nonpublic school.
 
L.2025, c.94, s.3.