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160 chapters · 1,536 sections in this title.
5 M.R.S. § 1551 Purpose
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The purpose of this chapter is to promote prompt payment of obligations incurred by agencies of State Government. It is the intent of the Legislature to prevent hardship for any business concern due to late payment of proper invoices for obligations incurred by state agencies. It…
5 M.R.S. § 1552 Definitions
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As used in this chapter, unless the context otherwise indicates, the following terms have the following meanings. [PL 1983, c. 655 (NEW).] 1. Business concern. "Business concern" means a person, partnership or corporation engaged in providing property, products or services for th…
5 M.R.S. § 1553 Standards
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The commissioner shall require state agencies to assure prompt payment by means of the following standards. [PL 1983, c. 655 (NEW).] 1. Required payment date. The required payment date for any proper invoice for which a state agency has incurred an obligation to a business concer…
5 M.R.S. § 1554 Payment of late fees
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In the event that a proper invoice is not paid within 25 working days after receipt of the invoice, or within 15 days following another date agreed to by the state agency and the business concern, the agency shall be liable to pay a reasonable late fee that shall not exceed the n…