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CA AB1776
Bill
Status
9/22/2022
Primary Sponsor
James Gallagher
Click for details
AI Summary
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Adds resource conservation districts to the list of entities entitled to late payment penalties under the California Prompt Payment Act at a rate of 10 percent above the United States Prime Rate.
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Excludes resource conservation districts from the 30-day payment approval date extension that applies to Department of Forestry and Fire Protection contracts during annually declared fire seasons.
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Ensures resource conservation districts remain eligible for late payment penalties even when the Director of Finance suspends penalties due to major calamities, disasters, or criminal acts.
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Defines "resource conservation district" as any district established under Division 9 (commencing with Section 9001) of the Public Resources Code.
Legislative Description
Resource conservation districts: California Prompt Payment Act.
Last Action
Chaptered by Secretary of State - Chapter 455, Statutes of 2022.
9/22/2022