§ 42-11.1-9. Disclaimer of state responsibility for interest payments incurred by contractors.
In the event that an interest payment is made by or incurred by a contractor in the course of transacting business with any entity other than a state agency, the interest shall not be an obligation of the state and the state shall not reimburse the contractor for the interest, nor shall any monies expended for the interest payments be counted toward any matching requirement applicable to grants or payments of state funds unless expressly permitted by statute or regulation.
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.