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Bill > SB1823
TN SB1823
TN SB1823AN ACT to amend Tennessee Code Annotated, Title 12, Chapter 4, relative to public contracts.
summary
Introduced
01/20/2026
01/20/2026
In Committee
Crossed Over
Passed
Dead
Introduced Session
114th General Assembly
Bill Summary
As introduced, requires a state department, agency, or official who contracts with a business to acquire property or services to make payments under the contract to the business within 30 days rather than 45 days after receipt of the invoice from the business; requires such state departments, agencies, and officials to annually report to the chairs of the appropriate standing committees of the senate and house of representatives by January 10 of each year the number and aggregate amount of late payments made for the preceding calendar year and the amount of interest paid and outstanding on such late payments. - Amends TCA Title 12, Chapter 4.
AI Summary
This bill requires state departments, agencies, or officials who contract with businesses for property or services to pay invoices within 30 days of receipt, a reduction from the current 45-day limit, and mandates that these entities annually report to legislative committee chairs by January 10th the number and total amount of late payments made in the previous calendar year, along with any interest paid or outstanding on those late payments.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Passed on Second Consideration, refer to Senate State and Local Government Committee (on 01/22/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://wapp.capitol.tn.gov/apps/Billinfo/default.aspx?BillNumber=SB1823&ga=114 |
| BillText | https://www.capitol.tn.gov/Bills/114/Bill/SB1823.pdf |
| Fiscal Note - HB1696 | https://www.capitol.tn.gov/Bills/114/Fiscal/HB1696.pdf |
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