Md. Code Regs. 21.06.09.01

Current through Register Vol. 51, No. 20, October 4, 2024

Section 21.06.09.01 - Definitions

A. In this chapter, the following terms have the meanings indicated.

B. Terms Defined.

(1) "Late payment" means any amount that is due and payable by law under a written procurement contract, without deferral, delay, or set-off under COMAR 21.02.07.03, and remains unpaid more than 37 days after an agency receives a proper invoice.

(2) "Payment" includes all required processing and authorization by the Comptroller of the Treasury, as provided under COMAR 21.02.07, and may be deferred, delayed, or set-off as applicable under COMAR 21.02.07.03.

(3) 'Proper invoice " means a bill, written document, or electronic transmission, readable by the agency, provided by a vendor requesting an amount that is due and payable by law under a written procurement contract for property received or services rendered that meets the requirements of Regulation .02 of this chapter.

Md. Code Regs. 21.06.09.01

Regulation .01 adopted effective 43:26 Md. R. 1449, eff. 1/2/2017; amended effective 50:18 Md. R. 800, eff. 9/18/2023