Payment Scheduling
Overview of Requirements
Agencies are not allowed to pay vendors before the payments are actually due unless the invoice is $5,000 or less or the state has a business reason for paying early.
For example, agencies are allowed to make early payments to vendors:
- If the vendor and the agency already have an agreement to make a payment at a certain time, or
- If the vendor gives the agency a substantial discount for paying early.
Sources [+]
Texas Government Code, Sections 2251.001(2), (4), (7)–(8), (10), 2251.030(a), (d).
