Legislation
- Title
- State Finance and Procurement - Grants - Prompt Payment Requirement
- Sponsored by
- Delegates Kaiser, Stein, Alston, Attar, Bagnall, Embry, Fair, Harris, Healey, Henson, Hill, McCaskill, McComas, Pasteur, Reznik, Simpson, Taveras, Taylor, Terrasa, Williams, Woods, Bhandari, Chisholm, Cullison, Guzzone, Hutchinson, S. Johnson, Kerr, Kipke, R. Lewis, Lopez, Martinez, M. Morgan, Pena-Melnyk, Reilly, Rosenberg, Szeliga, and White
- Status
- Approved by the Governor - Chapter 155
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Establishing invoicing and prompt payment requirements for certain State grants; requiring the State to make payment under certain grant agreements within 37 days of the payment becoming due under the agreement or after receiving a proper invoice; and authorizing interest accrual at the rate of 9% per year on any amount that is due and payable but remains unpaid after a certain time.
Committees
- Opposite:
- Budget and Taxation
Committee Testimony
Details
History
Toggle History Dropdown
File Code
Toggle Filecode Dropdown
Subjects
Toggle Subjects Dropdown
Statutes
Toggle Statutes Dropdown
(
2-211 )
Last Updated: 6/9/2023 2:28 PM