18 CRR-NY 801.3NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 18. DEPARTMENT OF SOCIAL SERVICES
CHAPTER II. REGULATIONS OF THE DEPARTMENT OF SOCIAL SERVICES
SUBCHAPTER L. HOMELESS HOUSING AND ASSISTANCE PROGRAM
PART 801. PROMPT PAYMENT POLICY OF THE NEW YORK STATE HOMELESS HOUSING AND ASSISTANCE CORPORATION
18 CRR-NY 801.3
18 CRR-NY 801.3
801.3 Definitions.
The following terms have the following meanings, unless the context clearly indicates otherwise:
(a) Contract means an enforceable agreement entered into between the corporation and a contractor.
(b) Contract payment means a payment to a contractor pursuant to a written contract or an amendment thereto, signed by an authorized officer of the corporation and of the contractor, a fully executed change order or an executed purchase order.
(c) Contractor means a person, partnership, private corporation or association:
(1) selling materials, equipment, or supplies or leasing property or equipment to the corporation;
(2) constructing, reconstructing, rehabilitating or repairing facilities or making other improvements for or on behalf of the corporation; or
(3) rendering or providing services to the corporation pursuant to a contract.
(d) Designated payment office means the office designated by the corporation to which a proper invoice is to be submitted by a contractor.
(e) Prompt payment means payment of a debt due and owing by the corporation before interest accrues thereon pursuant to this Part and section 2880 of the Public Authorities Law (PAL).
(f) Proper invoice means a written request for a contract payment that is submitted by a contractor setting forth the description, price and quantity of goods, property, or services delivered or rendered, in such form and supported by such other documentation as the corporation may reasonably require.
(g) Receipt of an invoice means:
(1) the date on which a proper invoice is actually received in the designated payment office; or
(2) the date on which the corporation received the purchased goods, property, or services covered by the proper invoice, whichever is later.
18 CRR-NY 801.3
Current through July 31, 2021
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