New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 21. Miscellaneous |
Chapter LV. Dormitory Authority |
Part 4701. Prompt Payment Policy |
Sec. 4701.2. Prompt payment policy
Latest version.
- It shall be the policy of the Dormitory Authority to process contract payments efficiently and expeditiously so as to assure payment in a timely manner to firms and organizations which do business with the authority and to avoid, to the greatest extent practicable, the payment of interest in cases where prompt payment does not occur as provided herein.