21 CRR-NY 4701.4NY-CRR
21 CRR-NY 4701.4
21 CRR-NY 4701.4
4701.4 Scope.
This statement of prompt payment policy shall be applicable to all contract payments. A contract payment is a payment to a contractor pursuant to a written contract, or an amendment thereto, signed by an authorized officer of the authority and of the contractor, a fully executed change order or an executed purchase order. A contractor is a person, partnership, private corporation, limited liability company or association:
(a) selling materials, equipment, or supplies or leasing property or equipment to the authority;
(b) constructing, reconstructing, rehabilitating or repairing facilities or other improvements for or on behalf of the authority; or
(c) rendering or providing services to the authority pursuant to a contract.
21 CRR-NY 4701.4
Current through June 30, 2021
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