The Prompt Payment Act: requiring government agencies to pay their bills on time.: An article from: The National Public Accountant

This digital document is an article from The National Public Accountant, published by National Society of Public Accountants on January 1, 1997. The length of the article is 4423 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Prompt Payment Act of 1982 requires government agencies to pay interest penalties if they fail to pay their contractors after 30 days from the receipt of proper invoices. The law is intended to help companies doing business with the government in collecting payment, and to encourage government agencies to take advantage of prompt payment discounts. Small businesses are given additional assistance under the amended Small Business Act. Under this law, all administrative agencies with an Office of Small and Disadvantaged Business Utilization unit are required help small business collect late payments and interest penalties.

Citation Details
Title: The Prompt Payment Act: requiring government agencies to pay their bills on time.
Author: David M.F. Lambert
Publication:The National Public Accountant (Magazine/Journal)
Date: January 1, 1997
Publisher: National Society of Public Accountants
Volume: v42 Issue: n1 Page: p44(5)

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