HB325: State Procurement - Payment Practices

Legislative Summary

Reducing the number of days from 45 to 37 following receipt of an invoice after which interest begins to accrue on certain unpaid procurement contract amounts; requiring the Department of Legislative Services to submit a certain report to the General Assembly by December 1, 2022; stating that it is the intent of the General Assembly that plans to upgrade the State's Management Information System include goals to significantly reduce the amount of time in which payments are processed: etc.