Comptroller Policy
Payments of More Than $5,000

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

• 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, state 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