The Purchase Bureau acts as the procurement and contracting agent for State agencies. However, receipt and acceptance of products and services, as well as prompt payments, are the responsibility of the receiving State agency. Any problems concerning the receipt of payments should be brought to the attention of the appropriate State receiving agency by the vendor. Discounts Cash discount periods begin on the day that the State using agency receives a properly signed and executed State Payment Voucher from the vendor for products or services received and accepted by that agency. If the State Payment Voucher is received prior to delivery of the products or services, the discount period does not commence until they are received and accepted.
Interest is paid on delinquent accounts at a rate established by the State Treasurer.
While cash discounts are factors in the evaluation of bids and contract awards and the State tries to take advantage of discount opportunities, such payment terms are not affected by the Prompt Payment Act.