N.Y. Comp. Codes R. & Regs. tit. 21 § 4701.4

Current through Register Vol. 46, No. 50, December 11, 2024

Section 4701.4 - Scope

This statement of prompt payment policy shall be applicable to all contract payments. A contract payment is a payment to a contractor pursuant to a written contract, or an amendment thereto, signed by an authorized officer of the authority and of the contractor, a fully executed change order or an executed purchase order. A contractor is a person, partnership, private corporation, limited liability company or association:

(a) selling materials, equipment, or supplies or leasing property or equipment to the authority;

(b) constructing, reconstructing, rehabilitating or repairing facilities or other improvements for or on behalf of the authority; or

(c) rendering or providing services to the authority pursuant to a contract.

N.Y. Comp. Codes R. & Regs. Tit. 21 § 4701.4