2000 Florida Code
TITLE XIV TAXATION AND FINANCE
Chapter 218 Financial Matters Pertaining To Political Subdivisions
PART VII FLORIDA PROMPT PAYMENT ACT (ss. 218.70-218.80)
218.73 Timely payment.
218.73 Timely payment.--The time at which payment for a purchase by a local governmental entity, except for the purchase of construction services, is due must be calculated from:
(1) The date on which a proper invoice is received by the chief disbursement officer of the local governmental entity after approval by the governing body, if required; or
(2) If a proper invoice is not received by the local governmental entity, the date:
(a) On which delivery of personal property is accepted by the local governmental entity;
(b) On which services are completed;
(c) On which the rental period begins; or
(d) On which the local governmental entity and vendor agree in a contract that provides dates relative to payment periods;
whichever date is latest.
History.--s. 4, ch. 89-297; s. 2, ch. 95-331.
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