Prompt Payment
This is Article 4 of the Code of Virginia, titled “Prompt Payment.” It is part of Title 2.2, titled “Administration Of Government.” It is part of Subtitle II, titled “Administration Of State Government.” It is part of Part B, titled “Transaction Of Public Business.” It is part of Chapter 43, titled “Virginia Public Procurement Act.” It’s comprised of the following 11 sections.
- § 2.2-4347
- Definitions
- § 2.2-4348
- Exemptions
- § 2.2-4349
- Retainage to remain valid
- § 2.2-4350
- Prompt payment of bills by state agencies
- § 2.2-4350.1
- Prohibition on payment without an appropriation; prohibition on IOUs
- § 2.2-4351
- Defect or impropriety in the invoice or goods and/or services received
- § 2.2-4352
- Prompt payment of bills by localities
- § 2.2-4353
- Date of postmark deemed to be date payment is made
- § 2.2-4354
- Payment clauses to be included in contracts
- § 2.2-4355
- Interest penalty; exceptions
- § 2.2-4356
- Comptroller to file annual report