Nebraska Statutes

§ 81-2402 — Terms, defined

Nebraska·Ch. 81 State Administrative Departments

As used in the Prompt Payment Act, unless the context otherwise requires:

(1)Agency shall mean the state and any agency, department, office, commission, board, panel, or division of the state. Agency shall include the University of Nebraska and the Nebraska state colleges;
(2)Bill shall mean a proper billing or invoice which requests a payment and which is supplemented by all necessary verification and forms required by agency rules and regulations to process payments;
(3)Creditor shall mean any person, corporation, association, or other business concern engaged in a trade or business, either on a for-profit or not-for-profit basis, and providing any goods or services to an agency;
(4)Good faith dispute shall mean:
(a)A contention by the agency that goods delivered or services rendere

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Legislative History

Source: Laws 1988, LB 1079, § 2; Laws 2010, LB552, § 11.

Nearby Sections

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