Oklahoma Administrative Code
Title 260 - Office of Management and Enterprise Services
Chapter 10 - Prompt Payment to Vendors and Employees of the State of Oklahoma Through the Payment of Interest on Late Payments
Subchapter 1 - General Provisions
Section 260:10-1-1 - Purpose

Universal Citation: OK Admin Code 260:10-1-1

Current through Vol. 41, No. 13, March 15, 2024

(a) It is the policy of the State of Oklahoma to promptly pay for the goods and services purchased by and delivered to the various agencies, boards, commissions, and institutions of this State, and travel expenses incurred by employees of this State upon good faith presentation of sufficient claims for the sums due and owing. To this end, the Director of the Office of Management and Enterprise Services is directed to establish procedures to expedite payment of proper invoices and travel claims and to provider for the payment of interest on proper invoices and claims for reimbursement for cost of travel incurred by state employees which are not paid by an agency, board, commission, or institution within forty-five (45) days of receipt by the appropriate office of such State entity. [62 O.S. §§ 34.71, 34.72; 74 O.S. § 500.16A ]

(b) The procedure to expedite payment has been determined by the Director to involve only internal procedures of the Office of Management and Enterprise Services, or of the agencies subject to the statutes, and thereby not appropriate for rulemaking under Title 75 of the Oklahoma Statutes, Section 250 et seq. Payment of interest to a vendor and employee of the state who is aggrieved by delay in payment beyond the forty-five (45) day limit does affect a private right of citizens of Oklahoma who do business with the State and is quite appropriately the subject of rulemaking. The rules of this chapter set forth the limitations, time frames and guidelines for vendor and employee claims for payment of interest on late payment.

Amended at 30 Ok Reg 1112, eff 7-1-13

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