(a) In AS 36.90.210 - 36.90.290,
(1) a payment is considered to be made when mailed or personally delivered to the party being paid;
(2) a payment is considered to be received when it is endorsed for payment, if it is a check;
(3) an invoice is considered to be received when it is date-stamped or otherwise marked as delivered; if the invoice is not date-stamped or otherwise marked as delivered, the date of the invoice is considered to be the date when the invoice is received.
(b) A political subdivision that receives a state grant for a public construction or public works project may use money from the state grant to pay the interest under AS 36.90.200 - 36.90.290.
Structure Alaska Statutes
Chapter 90. Miscellaneous Provisions
Article 3. Public Construction Contract Payment.
Sec. 36.90.200. Payment deadline and interest.
Sec. 36.90.210. Required contractual terms.
Sec. 36.90.220. Optional contractual terms.
Sec. 36.90.230. Withholding payment for unsatisfactory performance.
Sec. 36.90.240. Form of certain notices.
Sec. 36.90.260. Miscellaneous provisions.
Sec. 36.90.265. Applicability to political subdivisions.