New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter V - New York State Bridge Authority
Part 207 - Prompt Payment Policy
Section 207.5 - Miscellaneous provisions

Current through Register Vol. 44, No. 38, September 21, 2022

(a) Statement amendment. The authority shall have the power to amend this policy statement by promulgating amended rules and regulations at any time.

(b) Contract incorporation. The policy statement in effect at the time of the creation of a Contract is hereby incorporated into and made a part of that Contract.

(c) Public access. The authority shall make copies of this policy statement, as well as the annual report, available to the public upon reasonable request at the authority's main office. In addition, the authority shall make a copy of this policy statement available to each contractor.

(d) Inapplicability of statute. The statute authorizing this statement is not applicable to the authority's contracts with other governmental agencies, to interest on judgments rendered by a court against the authority pursuant to any other statute, or in situations where the authority exercises a legally authorized set-off against all or part of a payment due a contractor.

(e) Legal processes. The authority is under no liability to pay interest pursuant to the statute after a contractor has filed a claim or given notice of an intention to file a claim or commenced legal action for payment of interest.

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