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

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Date Published: 03/29/2017 04:00 AM
AB547:v98#DOCUMENT

Revised  April 18, 2017
Amended  IN  Assembly  March 28, 2017

CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill No. 547


Introduced by Assembly Member Chávez
(Coauthors: Assembly Members Harper and Mathis)

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 amended, 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 30 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 30 calendar days of initial receipt.

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REVISIONS:
Heading—Line 2.
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