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2003 SESSION
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.
FULL TEXT
HISTORY
- 01/08/03 House: Presented & ordered printed, prefiled 01/07/03 030267868
- 01/08/03 House: Referred to Committee on General Laws
- 01/14/03 House: Assigned to General Laws sub-committee: 2
- 01/28/03 House: Stricken at request of Patron in G. L. (22-Y 0-N)