15-6-2. Time for payment by state agencies. (1) An agency of the state of Utah which acquires property or services pursuant to a contract with a business shall pay for each complete delivered item of property or service on the date required by contract between such business and agency or, if no date for payment […]
15-6-3. Interest on payments by state agencies. (1) (a) Interest shall accrue and be charged on payments overdue under Section 15-6-2 at 2% above the rate paid by the Internal Revenue Service on refund claims. (b) This rate is established and adjusted on a quarterly basis and shall be applied on a per annum basis […]
15-6-4. Disputed payments excepted. If the agency fails to pay the amount due on time because of a dispute between the agency and the business over the amount due or over compliance with the contract, the provisions of this chapter do not apply. Amended by Chapter 79, 1989 General Session
15-6-5. Contractors’ payments to subcontractors — Time — Interest. Upon payment by an agency of the state of Utah or by an agency of the United States, a business which has acquired under contract, property or services in connection with its contract with such an agency from a subcontractor or supplier, shall pay such subcontractor […]
15-6-6. Exceptions. This chapter does not apply to contracts that involve disbursement of federal funds, or state and federal funds, by the state or its agencies. Enacted by Chapter 79, 1989 General Session
