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AB-547 California Prompt Payment Act: disabled veteran business enterprises.(2017-2018)

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Date Published: 02/14/2017 09:00 PM
AB547:v99#DOCUMENT


CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill No. 547


Introduced by Assembly Member Chávez

February 14, 2017


An act to add Section 927.14 to the Government Code, relating to state government.


LEGISLATIVE COUNSEL'S DIGEST


AB 547, as introduced, Chávez. California Prompt Payment Act: disabled veteran business enterprises.
The California Prompt Payment Act requires a state agency that acquires property or services pursuant to a contract with a business, including any approved change order or contract amendment, to make payment to the person or business on the date required by contract and within 45 days of receipt of an undisputed invoice or be subject to a late payment penalty, as provided. The act applies to all state agencies.
This bill would require state agencies to pay certified disabled veteran business enterprises, as defined, within 15 days of receiving the invoice.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: YES   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 927.14 is added to the Government Code, to read:

927.14.
 State agencies shall pay properly submitted, undisputed invoices from certified disabled veteran business enterprises, as defined in Section 14837, within 15 calendar days of initial receipt.