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eXpendit

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Comptroller Policy
Payments of More Than $5,000

Payments must be scheduled for distribution 30 days from the last of the received, invoice or completion of services/receipt of goods or:

  • As prescribed by the contracts or specific agreements covering the payments, or
  • On the last day a payment can be made without accruing interest under the prompt payment law.

Otherwise, agencies must justify the cost effectiveness of making a payment early or explain the state business reason for paying early.

See also: Early Payment Discounts