2 CRR-NY 18.4NY-CRR

STATE COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 2. DEPARTMENT OF AUDIT AND CONTROL
CHAPTER I. AUDIT OF REVENUES AND ACCOUNTS PAYABLE FROM STATE FUNDS AND FUNDS UNDER ITS CONTROL
PART 18. PROMPT PAYMENT PROCESSING
INTEREST CALCULATION
2 CRR-NY 18.4
2 CRR-NY 18.4
18.4 Merchandise/invoice receipt date.
(a) Except where adjusted pursuant to sections 18.7-18.14 of this Part, the MIR date shall be:
(1) in the case of final payments on highway construction contracts, 30 calendar days, excluding legal holidays, after the date on which the contract work has been accepted by the Commissioner of Transportation;
(2) in the case of contracts which require that the contractor be paid at predetermined intervals, the 30th calendar day, excluding legal holidays, prior to each payment date specified in the contract, or the date upon which an invoice, if required, is submitted, whichever date is later; or
(3) in all other cases, the date of the receipt of an invoice as defined in section 18.1(h) of this Part.
(b) The MIR date determined in accordance with subdivision (a) of this section shall be adjusted in the situations described in sections 18.7-18.14 of this Part, in accordance with the procedure outlined therein.
2 CRR-NY 18.4
Current through August 31, 2022
End of Document

IMPORTANT NOTE REGARDING CONTENT CURRENCY: The "Current through" date indicated immediately above is the date of the most recently produced official NYCRR supplement covering this rule section. For later updates to this section, if any, please: consult editions of the NYS Register published after this date; or contact the NYS Department of State Division of Administrative Rules at [email protected]. See Help for additional information on the currency of this unofficial version of NYS Rules.