75-6401 Short title.
75-6401. Short title. K.S.A. 75-6401 to 75-6407, inclusive, shall be known and may be cited as the Kansas prompt payment act. History: L. 1984, ch. 310, § 1; Jan. 1, 1985.
75-6402 Definitions.
75-6402. Definitions. As used in the Kansas prompt payment act, unless the context clearly requires otherwise, the following words and phrases shall have the meanings respectively ascribed thereto. (a) “State agency” means the state and any state agency, department, division or authority thereof. (b) “Government agency” means any state agency, library, community college or unified […]
75-6403 Prompt payment for goods and services required; interest payment penalty; rate; conditions and procedures.
75-6403. Prompt payment for goods and services required; interest payment penalty; rate; conditions and procedures. (a) Each government agency purchasing or contracting for goods or services from a vendor shall make prompt payment therefor, including payment of any interest penalties due, in accordance with this section. (b) Each government agency which has received goods or […]
75-6404 Same; payments prior to final acceptance not prohibited.
75-6404. Same; payments prior to final acceptance not prohibited. Nothing in the Kansas prompt payment act shall be construed to prohibit full or partial payments by government agencies for goods or services whether or not such goods or services have been completely received or finally accepted by the government agencies. History: L. 1984, ch. 310, […]
75-6405 Same; payment at discount rate; late penalty.
75-6405. Same; payment at discount rate; late penalty. (a) If a vendor offers a government agency a discount from the amount otherwise due under a contract for goods or services in exchange for payment within a specified period of time, the government agency may make payment in an amount equal to the discounted price only […]
75-6407 Rules and regulations.
75-6407. Rules and regulations. The secretary of administration may adopt necessary rules and regulations for the implementation of the provisions of the Kansas prompt payment act applicable to state agencies. History: L. 1984, ch. 310, § 7; Jan. 1, 1985.