Timely payment for nonconstruction services

218.73

Timely payment for nonconstruction services.

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The time at which payment is due for a purchase other than construction services by a local governmental entity must be calculated from:

(1)

The date on which a proper invoice is received by the chief disbursement officer of the local governmental entity after approval by the governing body, if required; or

(2)

If a proper invoice is not received by the local governmental entity, the date:

(a)

On which delivery of personal property is accepted by the local governmental entity;

(b)

On which services are completed;

(c)

On which the rental period begins; or

(d)

On which the local governmental entity and vendor agree in a contract that provides dates relative to payment periods;

whichever date is latest.

History.

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s. 4, ch. 89-297; s. 2, ch. 95-331; s. 2, ch. 2001-169.