Prompt Payment

Comptroller DiNapoli's Legislative Program

Legislative Session 2015-2016:

Signed into law on December 11, 2015 as Chapter 548 of the Laws of 2015 – A.7579 (Peoples-Stokes) / S.4929 (DeFrancisco)  To meet the intent of the prompt contracting law, allows the accrual of interest for a period of time a payment is delayed due to the fund or sub-fund from which the payment is to be made having insufficient cash.