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Committee advances compromise bill to speed state payments, clarifies local allocations and contingency authority
Summary
The committee passed a substitute for House Bill 622, a compromise between nonprofits and the finance administration cabinet to clarify prompt payments, permit partial payments for undisputed invoice items, correct allocation amounts for a city project, and grant up to $20 million contingency authority for a capital renovation.
The committee approved a committee substitute for House Bill 622, described by sponsors as a compromise reached among the General Assembly, the nonprofit community and the Finance and Administration Cabinet to clarify prompt-payment rules, allow partial payments for undisputed invoice items, and make technical corrections to multiple allocations.
Representative Sean McPherson, the bill presenter, said the measure is a "framework for a more efficient government" and emphasized payment timing and partial payments. "We set out net 30... any undisputed partial payments would be paid in 30…
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