2 CRR-NY 18.24NY-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
MISCELLANEOUS
2 CRR-NY 18.24
2 CRR-NY 18.24
18.24 Inconsistent provisions.
The provisions of article XI-A of the State Finance Law and of these rules shall apply to all proper invoices received by the State on or after July 1, 1984, including invoices submitted under written contracts entered into on or prior to July 1, 1984 which contain inconsistent interest provisions, except where the interest provisions of such contract entered into on or prior to July 1, 1984 will provide a greater interest payment to the contractor, in which case the provisions of the contract shall govern. No contract entered into after July 1, 1984 shall contain any provision requiring the payment of interest in a manner inconsistent with article XI-A of the State Finance Law or these rules, including any provision requiring the payment of a greater amount of interest, and any such provision included in a contract shall be null and void.
2 CRR-NY 18.24
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.