Relating to prompt payment by contracting agencies; and prescribing an effective date.
It became law on Jun 21, 2017.
- Stage
- Became law
- Started in
- House
- Sponsors
- 6
- Latest action
- Jun 21, 2017
What it does
Directs Department of Transportation to conduct pilot program on prompt payment of certain contracts. Directs department to pay small business for certain services within 15 days of receipt of invoice or due date for payment, whichever is later. Requires small business to certify eligibility for prompt payment. Requires department to pay interest on payments that are not made promptly. \tCreates crime of knowingly supplying false information in connection with certification as small business. Punishes by maximum of one year's imprisonment, $6,250 fine, or both. \tDirects department to report to Legislative Assembly on results of pilot program. \tSunsets January 2, 2020. \tTakes effect on…
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
Loading coverage…
Where it goes next
Once a bill is decided, the questions are about what is done with it in Oregon.