HB5064 Summary

• Amends the State Comptroller Act to allow vendors to receive payment by non-electronic means when unable to receive electronic funds transfers, while expanding electronic payment requirements for state payments.

• Extends the period for paying outstanding liabilities from lapsed appropriations from 2 months (by August 31) to 4 months (by October 31), and allows interest penalties under the State Prompt Payment Act to be paid from expiring appropriations.

• Modifies the State Prompt Payment Act to require state agencies to electronically confirm receipt of bills/invoices within 5 business days and transmit approved amounts to the Comptroller within 30 days; shortens payment timelines from 90 days to 45 days beginning in fiscal year 2025.

• Amends the Grant Accountability and Transparency Act to allow consideration of past performance failures when evaluating grant pre-qualification requirements, and establishes requirements for grant agreement specifications including fringe benefits and indirect cost minimums.

• Modifies the Court of Claims Act to exclude undisputed individual claims under $2,500 resulting from lapsed appropriations from court jurisdiction, allowing state agencies to pay such claims directly from current fiscal year appropriations.