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Bill Information Bill Number: SB3016 Title: State Prompt Payment Act Sponsor: Bomke (R) Location: Summary: "Amends the State Prompt Payment Act, redefines ""proper bill or invoice"" to include periodic payments required by contracts, including work progress payments required by construction contracts, with respect to periodic payments, provides that the proper bill or invoice is deemed to exist upon completion of the period and that the subsequent discovery of defects in the bill or invoice shall result in payment in accordance with the Acts provisions for notice of defects." Category: Last Updated: 2012-01-09 More Information:

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