Section 16-6-601 – Definitions.

16-6-601. Definitions. (a) As used in this article: (i) “Agency” means any department, agency or other instrumentality of the state or of a political subdivision of the state; (ii) “Goods” means all personal property purchased, procured or contracted for by an agency, including leases of real property or other arrangements for the use of space; […]

Section 16-6-602 – Payment of Agency Accounts; Interest.

16-6-602. Payment of agency accounts; interest. Except as provided by contract, any agency which purchases or procures goods and services from a nongovernmental entity shall pay the amount due within forty-five (45) days after receipt of a correct notice of amount due for the goods or services provided or shall pay interest from the forty-fifth […]