§ 42-11.1-3 — § 42-11.1-3. Time period for payment.
This text of Rhode Island § 42-11.1-3 (§ 42-11.1-3. Time period for payment.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
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§ 42-11.1-3. Time period for payment.
(a) All bills shall be paid within thirty (30) calendar days of receipt of a proper invoice or other contractual dates for periodic payments, except when a contractor has failed to submit a bill in accordance with contractually imposed time frames.
(b) Each contractor shall make payment to subcontractors within seven (7) days of receipt of payment by the state; provided, however, that the contractor may setoff a payment due to a subcontractor by an amount equal to the amount of an unpaid legally enforceable debt owed by the subcontractor to the contractor or any amount
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