Code of Maryland Regulations
Title 21 - STATE PROCUREMENT REGULATIONS
Subtitle 06 - CONTRACT FORMATION AND AWARD
Chapter 21.06.09 - Invoicing, Payment, and Interest on Late Payments
Section 21.06.09.01 - Definitions
Universal Citation: MD Code Reg 21.06.09.01
Current through Register Vol. 51, No. 6, March 22, 2024
A. In this chapter, the following terms have the meanings indicated.
B. Terms Defined.
(1) "Late payment" means any amount that is due and
payable by law under a written procurement contract, without deferral, delay,
or set-off under COMAR
21.02.07.03, and remains unpaid
more than 37 days after an agency receives a proper invoice.
(2) "Payment" includes all required
processing and authorization by the Comptroller of the Treasury, as provided
under COMAR 21.02.07, and may be deferred, delayed, or set-off as applicable
under COMAR 21.02.07.03.
(3)
'Proper invoice " means a bill, written document, or electronic transmission,
readable by the agency, provided by a vendor requesting an amount that is due
and payable by law under a written procurement contract for property received
or services rendered that meets the requirements of Regulation .02 of this
chapter.
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