Loading chat...
AL HB411
Bill
Status
3/31/2011
Primary Sponsor
William Roberts
Click for details
AI Summary
-
State must pay contractors within 30 days of completed work and invoice submission; any contractual agreement to extend this period is unenforceable.
-
Unpaid approved amounts accrue interest at one percent per month from the 30-day payment deadline until final payment is made.
-
State contracts must include certification that the state has sufficient funds, and the state must provide reasonable evidence of financial arrangements before work begins and cannot materially change those arrangements without notice.
-
Contractors receiving state payments must pay subcontractors and sub-subcontractors within agreed terms or within seven days of receipt, including attributable interest at one percent per month.
-
Unpaid contractors, subcontractors, or sub-subcontractors are entitled to recover reasonable attorneys' fees, costs, and reasonable expenses incurred to collect amounts due.
Legislative Description
Contracts, payment of state contractors, state may not increase time for payment for completing work beyond 30 days, interest added to late payments, certification and proof of certification that state has funds available to pay contractors, attorney fees, costs, and reasonable expenses recoverable, Sec. 41-16-3 am'd.
State Agencies
Last Action
Pending third reading on day 16 Favorable from State Government with 1 amendment
6/1/2011