§ 42-11.1-8. Exclusion of interest from reimbursement rates.
Any interest paid to a contractor under the provisions of this chapter shall not be included as revenue for the purposes of determining any reimbursement rates applicable to the contractor.
History of Section.P.L. 1987, ch. 73, § 1.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-11.1 - Prompt Payment by Department of Administration
Section 42-11.1-2. - Definitions.
Section 42-11.1-3. - Time period for payment.
Section 42-11.1-4. - Partial payment.
Section 42-11.1-5. - Determination of eligibility for payment of interest.
Section 42-11.1-6. - Computation of interest payment.
Section 42-11.1-7. - Determination of appropriations for interest payments.
Section 42-11.1-8. - Exclusion of interest from reimbursement rates.
Section 42-11.1-10. - Acceptance of payment.
Section 42-11.1-11. - Chapter to control — Contractual waiver void.
Section 42-11.1-12. - Judicial review.
Section 42-11.1-13. - Court actions or other legal processes.
Section 42-11.1-14. - Inapplicability of chapter.
Section 42-11.1-15. - Quarterly reports of late payments and interest.
Section 42-11.1-16. - Partial payment — Certificate of continuance.