                                 CODE OF VIRGINIA

PROMPT PAYMENT OF BILLS BY STATE AGENCIES (§ 2.2-4350)

A. Every state agency that acquires goods or services, or conducts any other
type of contractual business with nongovernmental, privately owned enterprises
shall promptly pay for the completely delivered goods or services by the
required payment date.
			Payment shall be deemed to have been made when offset proceedings have been
instituted, as authorized under the Virginia Debt Collection Act (&#xA7;
2.2-4800 et seq.).

B. Separate payment dates may be specified for contracts under which goods or
services are provided in a series of partial deliveries or executions to the
extent that such contract provides for separate payment for such partial
delivery or execution.

HISTORY: 1984, c. 736, §§ 11-62.2, 11-62.3; 1992, c. 75; 2001, c. 844.