Resource conservation districts: California Prompt Payment Act.

Existing law generally provides that a state agency that acquires property or services pursuant to a contract with a business, but fails to make payment to the person or business on the date required by the contract, shall be subject to a late payment penalty, as specified. Existing law provides that the penalty payable to a certified small business, a nonprofit organization, or a nonprofit public benefit corporation, as specified, is 14 of 1% of the amount due, per calendar day, from the required payment date, except as specified.