18 CRR-NY 1003.4NY-CRR
18 CRR-NY 1003.4
18 CRR-NY 1003.4
1003.4 Prompt payment procedure.
(a) Each contractor requesting payment from the Fund must submit to the designated payment office of the Fund a proper invoice and adequate documentation to support the payment for goods or services furnished to the Fund. A proper invoice will be paid no later than 30 days after receipt.
(b) If a proper invoice is not paid within the 30-day period described in subdivision (a) of this section, such payment will be subject to interest at a rate equal to the rate set by the State Tax Commission for corporate taxes pursuant to section 1096(e)(1) of the Tax Law.
18 CRR-NY 1003.4
Current through July 31, 2021
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