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1997 SESSION
Be it enacted by the General Assembly of Virginia:
1. That § 11-62.7 of the Code of Virginia is amended and reenacted as follows:
§ 11-62.7. Comptroller to file annual report.
The Secretary of Administration Comptroller shall file
an annual report with the Governor, the Senate Finance Committee, the House
Finance Committee and the House Appropriations Committee on November 1 for the
preceding fiscal year including (i) the number and dollar amounts of late
payments by departments, institutions and agencies, (ii) the total amount of
interest paid and (iii) specific steps being taken to reduce the incidence of
late payments.