Comptroller Policy
Warrant Hold
State agencies must follow Reporting of State Debts and Hold Offset Procedures (APS 028) (FPP E.037). The prompt payment law also applies to vendors on warrant hold:
- A late payment to a vendor on hold automatically includes interest computed through the payment’s distribution date.
- Distribution date means the date the Comptroller’s office would have made a warrant available for mailing or for pickup by the paying state agency (if the vendor had not been on hold).
- Interest does not accrue while the warrant is held.
Sources [+]
Texas Government Code, Sections 2251.001(1)(C)-(D) and 2251.025(e)(2)
