U.S. Department of Housing and Urban Development

Office of the Chief Financial Officer

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SPECIAL ATTENTION OF: TRANSMITTAL

Handbook No: 1900.29 REV-01

Issued: September 30, 1994

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1\. This Transmits Handbook 1900.29 REV-01, Prompt-Payment Policy.

2.Summary. This revised policy delegates responsibility and prescribes

guidance for paying for property and services procured under the

Department of Housing and Urban Development (HUD) executed contracts.

Public Law 97-177 (the Prompt Payment Act), as amended, requires

Federal agencies to pay bills on time, to pay interest penalties when

bills are paid late, to take discounts only when payments are made

within the discount period, and to avoid paying bills early except to

realize a cash discount.

3.Filing Instructions

Remove: Insert:

Page 2-1 dated 9/81 Page 2-1 dated 9/94

Pages 2-8 through 2-12 dated 9/94

Page 3-8 dated 9/81 Page 3-8 dated 9/94

Appendix 1 - Page 1 of 1 Appendix 1 - Page 1 of 1

Appendix 2 - Page 1 of 1

Appendix 3 - Page 1 of 1 Appendix 3 - Page 1 of 1

Appendix 5

Appendix 6

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FBP: Distribution: W-3-1, W-1, W-2, W-3, R-1, R-2, R-3

U.S. Department of Housing and Urban Development

ADMINISTRATION

Special Attention of: Transmittal for Handbook No.: 1900.29

Issued: November 2, 1989

1\. This Transmits handbook 1900.29, Prompt-Payment Policy

2\. This Policy delegates responsibility and prescribes guidance for

paying for property and services procured under Department of Housing

and Urban Development (HUD) contracts executed. Public Law 97-177

(the Prompt Payment Act), as amended, requires Federal agencies to

pay bills on time, to pay interest penalties when bills are paid

late, to take discounts only when payments are made within the

discount period, and to avoid paying bills early except to realize

a cash discount.

3\. Filing Instructions:

Remove: Insert:

Notice 89-09ADM Handbook 1900.29 dated

dated 11/89 11/2/89

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W-3-1, W-1, W-2, W-3, W-4, R-1, R-2, R-3

W-3-1 Directives Management Officers\--Headquarters and Regions,

library, ACIR (Advisory Commission on Intergovermental

Relations)

W-1 Assistant Secretaries, Deputy Assistant Secretaries,

General Counsel, staff offices reporting to the Secretary

W-2 HQ Office Directors, Special Assistants,

those reporting directly to Assistant Secretaries

W-3 HQ Division Directors, those reporting directly to Office

Directors, multiple copies for staff

W-4 Branch Chiefs, multiple copies for staff

R-1 Regional Administrators, Deputy Regional Administrators

R-2 Office Directors, Principal Assistants in Regional

Administrators\' offices

R-3 Bulk shipment to Regional Offices