Prompt Payment – Comptroller Policy
Other Fees Not Allowed
Whenever a payment’s timeliness is governed by the prompt payment law, an agency may not pay late fees, penalties, finance charges or any other compensation.
Note: Penalties are not payable from state funds.
Definitions
- Payment
- Money owed to a vendor.
- Prompt payment law
- Chapter 2251, Government Code.
- State agency
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- A board, commission, department, office or other agency in the executive branch of state government created by the constitution or a statute of this state, including an institution of higher education as defined by Texas Education Code Section 61.003.
- The Legislature or a legislative agency.
- The Supreme Court, the Court of Criminal Appeals, a court of appeals, a state judicial agency or the State Bar of Texas.