For fiscal 2025, the interest rate the state pays on a late payment to a vendor under the state’s prompt payment law will be 9.50 percent. The interest calculation is one percentage point higher than the prime rate published in the Wall Street Journal on the first business day of July.
See Interest Rate on eXpendit (FPP I.005) for more information.
Effective Aug. 15, the Vendor Hold Search web tool will be decommissioned. Staff from state agencies and institutions of higher education who use this tool to search for vendor hold status must instead use TINS resources to verify vendor hold status.
See Debtor Hold Extract File on TexPayment Resource for information on how the file can be used to search for vendor hold status.
See Information Request (IR) RITM0743327 for more information about the decommission.
Contact Payment Services with questions.
Statewide Procurement Division
It is the agency’s responsibility to verify that the payee name and address fields do not include any supplemental confidential data before submitting the payment to the Comptroller’s office. The agency must remove supplemental confidential data from these fields in TINS and USAS before payment. For more information, see the Confidential Information section of TexPayment Resource.
If you have questions or need an extract of mail codes your agency has established or paid, please contact the Payment Services Help Desk at (512) 936-8138 or tins.mail@cpa.texas.gov.
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