Prompt Payment Act definition

Prompt Payment Act means the United States Prompt Payment Act (31 U.S.C. 3901 et seq.), as now or hereafter amended, and any successor statute.
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Prompt Payment Act. All funds held by MD ▇▇▇▇▇▇▇▇ are subject to the Texas Prompt Payment Act, Chapter 2251, Texas Government Code. Chapter 2251 of the Texas Government Code governs (i) when a payment by MD ▇▇▇▇▇▇▇▇ is overdue, and (ii) the rate of interest that accrues on such overdue payments.
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Prompt Payment Act. All funds held by MD ▇▇▇▇▇▇▇▇ are subject to the Texas Prompt Payment Act, Chapter 2251, Texas Government Code. Chapter 2251 of the Texas Government Code governs (i) when a payment by MD ▇▇▇▇▇▇▇▇ is overdue, and (ii) the rate of interest that accrues on such overdue payments. CSP Agreement 10/24/2014 (OFPC) - 23 - MDA ver 2014 10 22 ses In accordance with the education requirements set forth in Section 6032 of the Deficit Reduction Act of 2005 (Act), MD ▇▇▇▇▇▇▇▇ has implemented, and Contractor agrees to abide by, the following policies, as may be subsequently amended, that are available at: ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇/about-us/doing-business/vendors- and-suppliers/index.html.
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Examples of Prompt Payment Act in a sentence

  • Payment shall be made in accordance with Chapter 2251 of the Texas Government Code, commonly known as the Texas Prompt Payment Act.

  • The County’s payment terms are in accordance with Florida Statute 218, Local Government Prompt Payment Act.

  • Payment shall be made in accordance with Florida Statute 218, Local Government Prompt Payment Act.

  • Further, the State of Kansas and its agencies do not agree to pay attorney fees, costs, or late payment charges beyond those available under the Kansas Prompt Payment Act (K.S.A. 75-6403), and no provision will be given effect that attempts to exclude, modify, disclaim or otherwise attempt to limit any damages available to the State of Kansas or its agencies at law, including but not limited to the implied warranties of merchantability and fitness for a particular purpose.

  • The City of Houston’s standard payment term is to pay 30 days after receipt of invoice or receipt of goods or services, whichever is later, according to the requirements of the Texas Prompt Payment Act (Tex.

  • All the terms of payment under this Contract shall be in accordance with Florida’s Local Government Prompt Payment Act, codified at Sections 218.70 to 218.80, Florida Statutes.

  • Payments to Vendor will be made in accordance with the terms and conditions of the Contract, and within thirty (30) days from receipt of a complete, correct, and approved invoice or statement of payment in accordance with Texas Government Code Chapter 2251, Texas Prompt Payment Act.

  • Invoices will be paid in accordance with the State of Florida Local Government Prompt Payment Act.

  • Progress payments are considered contract financing and are not subject to the interest penalty provisions of the Prompt Payment Act.

  • The School District shall make payments to the Company in accordance with the Illinois Local Government Prompt Payment Act, 50 ILCS 505/1.

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