West Virginia Senate Bill 205

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 12 2025 - 25% progression
Action: 2025-02-12 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]

The purpose of this bill is to provide for the prompt payment of legitimate, uncontested invoices by state agencies. The bill provides that registered and qualified vendors shall be entitled to prompt payment upon presentation to a state agency of a legitimate, uncontested invoice. The bill provides for the rate of interest and manner of calculation. The bill determines the date an invoice is considered received by a state agency. The bill outlines the rights of state agencies to receive updated invoices with interest prior to payment. The bill requires state agencies to explain and calculate interest on the payment claim at the time it is submitted to the State Auditor. The bill provides the timeline in which state agencies shall process payments. The bill provides the timeline in which state agencies shall process payments for other agencies. The bill provides for the definition of a state agency. Finally, the bill provides for exceptions.

Prompt Payment Act of 2025

Sen. Eric Tarr [R]

Date	Chamber	Action
2025-02-12	Senate	To Finance
2025-02-12	Senate	Introduced in Senate
2025-02-12	Senate	To Finance
2025-02-12	Senate	Filed for introduction

Chapter	Article	Section	Citation Type	Statute Text
12	10	1	New Code	See Bill Text
12	10	2	New Code	See Bill Text

Type	Source
Summary	http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=205&year=2025&sessiontype=RS&btype=bill
Text	http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=sb205%20intr.htm&yr=2025&sesstype=RS&i=205