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2003 SESSION

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HB 1936 Prompt payment.

Introduced by: Samuel A. Nixon, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Prompt payment. Increases the time that a contractor is allowed to make payments to subcontractors under a public contract's payment clause and interest clause. Currently, state and local government contracts are required to include provisions requiring such payments by contractors within 7 days. This measure extends the period to 30 days or other period that is specified in the subcontract, not to exceed 90 days.


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