State agencies, including exempt agencies, may enter into contracts which contemplate the payment of interest and late charges, but only when such late charges are incurred sixty (60) days after payment is due or carrying charges under such rules as may be promulgated by the State Procurement Director.
Structure Arkansas Code
Chapter 11 - Purchasing and Contracts
Subchapter 2 - Arkansas Procurement Law
§ 19-11-202. Purposes and policies
§ 19-11-203. Definitions generally
§ 19-11-204. Definitions concerning source selection and contract formation
§ 19-11-205. Definitions concerning commodity management
§ 19-11-206. Definitions concerning intergovernmental relations
§ 19-11-210. Operation of other laws
§ 19-11-211. Obligation of “good faith”
§ 19-11-212. Existing contracts
§ 19-11-213. Federal assistance requirements
§ 19-11-214. Determinations and findings
§ 19-11-215. Office of State Procurement
§ 19-11-216. State Procurement Director
§ 19-11-217. Powers and duties of State Procurement Director
§ 19-11-218. Assistants and designees — Written delegation orders
§ 19-11-219. Legal counsel — Contract review
§ 19-11-220. Agency procurement officials
§ 19-11-221. Agency procurement official for Division of Correction
§ 19-11-222. Exclusive jurisdiction over procurement — Definitions
§ 19-11-224. Interest and carrying charges
§ 19-11-228. Methods of source selection
§ 19-11-229. Competitive sealed bidding — Definition
§ 19-11-230. Competitive sealed proposals — Definition
§ 19-11-231. Small procurements
§ 19-11-232. Proprietary or sole source procurements
§ 19-11-233. Emergency procurements — Definition
§ 19-11-234. Competitive bidding
§ 19-11-235. Responsibility of bidders and offerors
§ 19-11-236. Prequalification of suppliers
§ 19-11-237. Cost-plus-a-percentage-of-cost and cost-plus-a-fixed-fee contracts
§ 19-11-238. Multiyear contracts
§ 19-11-239. Finality of determinations
§ 19-11-240. Reporting of suspected collusion — Definition
§ 19-11-241. Specifications — Definition
§ 19-11-242. Commodity management rules
§ 19-11-243. Proceeds from surplus commodities
§ 19-11-244. Resolution of protested solicitations and awards
§ 19-11-245. Debarment or suspension
§ 19-11-246. Resolution of contract and breach of contract controversies
§ 19-11-247. Remedies for unlawful solicitation or award
§ 19-11-248. Finality of administrative determinations
§ 19-11-249. Cooperative purchasing
§ 19-11-250. Sale, etc., of commodities
§ 19-11-251. Intergovernmental use of commodities or services
§ 19-11-253. Joint use of facilities
§ 19-11-254. State information services
§ 19-11-255. Use of payments received
§ 19-11-256. Compliance by public procurement units
§ 19-11-257. Review of procurement requirements
§ 19-11-258. Contract controversies
§ 19-11-259. Preferences among bidders — Definitions
§ 19-11-261. Cooperative purchase of paper products for local governments
§ 19-11-262. Multiple award contracts
§ 19-11-263. Special procurements
§ 19-11-264. Submission of contracts with members of General Assembly required
§ 19-11-265. Submission of contracts required — Definition
§ 19-11-266. High efficiency lighting — Preference — Definitions
§ 19-11-267. Development and use of performance-based contracts — Findings
§ 19-11-268. Vendor performance reporting
§ 19-11-269. Review of information technology plans
§ 19-11-270. Penalty for intentional violation
§ 19-11-271. Compliance reporting
§ 19-11-272. Experience requirement — Findings
§ 19-11-274. Reporting requirements
§ 19-11-275. Tracking requirements
§ 19-11-277. Solicitation conferences
§ 19-11-278. Vendor training and polling
§ 19-11-279. Requests for information — Definition
§ 19-11-280. Training and certification of procurement personnel