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NY A00634
Bill
Status
1/8/2025
Primary Sponsor
Kenneth Blankenbush
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AI Summary
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Amends the State Finance Law to explicitly include county governments in the prompt payment requirements that currently apply to contractors
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Requires state agencies that fail to make payments by the required date to pay interest to county governments, not just private contractors
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Exempts interest payments when the late payment results from a lien, attachment, or other legal process against the funds owed
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Maintains the existing $10 minimum threshold for interest payments to apply
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Takes effect 90 days after becoming law
Legislative Description
Relates to prompt payments to counties by the state; provides if prompt payment is not provided an interest payment shall be made to the contractor or county government.
Last Action
referred to governmental operations
1/7/2026