The development and implementation of the prompt payment act Senate Bill 1131
Hall, Kennard Ray
Sutton, Bobby Leon, Jr.
Bergquist, John R.
Boger, Dan C.
MetadataShow full item record
The enactment of Public Law 97-177 is considered a most effective directive for improving the Government's bill paying practices. This study, undertaken to investigate the need for such legislation and to analyze procedures established to implement the law, indicate the law has the potential for improving the Government bill paying reputation. Additionally, business concerns will be assisted in improving cash-flow problems generated by the slow bill paying practices of the Government. Problems inherent in the implementation of this law are: reconciling prompt bill payment with Federal cash management practices; ensuring contract funds are not channeled into nonproductive interest payment; reducing the administrative burden created to monitor bill payment and interest penalty payment; assigning responsibility for late payments and funding of interest payments .
RightsThis publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.
Showing items related by title, author, creator and subject.
Combs, Clinton L. (Monterey, CA; Naval Postgraduate School, 2021-12);Over $1.2 million remains unpaid in United States Marine Corps canceled account payments due to a failure to properly closeout over-aged contracts used for the procurement of goods and services. The authority of government ...
Smith, Daniel J. (Monterey, California. Naval Postgraduate School, 1993-06);Electronic payment methods are rapidly changing the way in which invoices are paid, displacing the traditional paper check method Electronic payments can provide a secure, rapid, accurate, and cost effective means for ...
Russell, James A.; Wirtz, Jim (Monterey, California: Naval Postgraduate SchoolMonterey, California. Naval Postgraduate School, 2019-12); NPS-19-N001-AThis project is a continuation of ongoing support by NPS to the work of N50 to further refining and improving the Navy's strategy development and implementation processes. This will be the fourth year of support to the ...