Maine Revised Statutes
Chapter 144: PAYMENT OF INVOICES RECEIVED FROM BUSINESS CONCERNS
5 §1551. Purpose

§1551. Purpose
The purpose of this chapter is to promote prompt payment of obligations incurred by agencies of State Government. It is the intent of the Legislature to prevent hardship for any business concern due to late payment of proper invoices for obligations incurred by state agencies. It is also the intent of the Legislature to encourage business concerns to provide prompt, dependable services and products of a high quality and at a reasonable cost to State Government.   [PL 1983, c. 655 (NEW).]
SECTION HISTORY
PL 1983, c. 655 (NEW).

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Structure Maine Revised Statutes

Maine Revised Statutes

TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES

Part 4: FINANCE

Chapter 144: PAYMENT OF INVOICES RECEIVED FROM BUSINESS CONCERNS

5 §1551. Purpose

5 §1552. Definitions

5 §1553. Standards

5 §1554. Payment of late fees

5 §1555. Period of time for which late fees are imposed

5 §1556. Source of payment for late fees

5 §1557. Late fees and improper invoices

5 §1558. Annual report