Bill > A00634

This bill amends the state finance law to expand prompt payment requirements, specifically adding county governments to existing provisions about late payments from state agencies. Under the proposed change, if a state agency fails to make a contractual payment to a contractor or county government by the required payment date, it must pay interest on the overdue amount, unless the non-payment results from legal processes like liens or attachments, or if the interest amount would be less than ten dollars. The bill also maintains the existing requirement that contractors or subcontractors must proportionally share any interest payments with their own subcontractors and materialmen (suppliers of materials) based on their pro rata share of the contract payment, but only for payments not made prior to the date when interest begins to accrue. The bill will take effect 90 days after becoming law, providing a mechanism to ensure timely payments and compensate counties and contractors for delays in state funding.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/A634