New York Codes, Rules and Regulations
Title 21 - Miscellaneous
Chapter X - Power Authority Of The State Of New York
Part 463 - Prompt Payment Policy
Section 463.1 - Policy
Universal Citation: 21 NY Comp Codes Rules and Regs ยง 463.1
Current through Register Vol. 46, No. 12, March 20, 2024
This statement is intended to establish rules and regulations as required under section 2880 of the Public Authorities Law describing the prompt payment policy of the Power Authority of the State of New York (the authority). Subject to the conditions and exceptions set forth in section 2880 of the Public Authorities Law and herein, in the event any proper invoice is not paid promptly the authority shall be liable for the payment of interest on late payments. This policy shall apply to all contracts entered into on or after April 30, 1988.
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