Pennsylvania Code › Title 4 - ADMINISTRATION › Part I - GOVERNOR's OFFICE › Chapter 2 - OFFICES OF ADMINISTRATION AND THE BUDGET › Subchapter B - INTEREST PENALTIES FOR LATE PAYMENTS › Section 2.32 - Definitions

Current through Register Vol. 54, No. 28, July 13, 2024
The following words and terms, when used in this
					 subchapter, have the following meanings, unless the context clearly indicates
					 otherwise:
Act
-The act of December 13, 1982 (
					 P. L.
					 1155, No. 266) (72 P. S. §
											1507).
Business concern
-Any person (sole
					 proprietorship, partnership, corporation) engaged in a trade or business and
					 operating as a contractor with Commonwealth agencies and nonprofit entities
					 operating as contractors with Commonwealth agencies.
Commonwealth agency
-An executive or
					 independent agency and the Auditor General, the Board of Claims, the State
					 Treasurer, and the Public Utility Commission.
Executive agency
-The Governor and the
					 departments, boards, commissions, authorities, and other officers and agencies
					 of the Commonwealth government; the term excludes a court or other officer or
					 agency of the unified judicial system, the General Assembly and its officers
					 and agencies, and an independent agency.
Independent agency
-The Department of the
					 Attorney General, the Fish Commission, the Game Commission, the Historical and
					 Museum Commission, the State Civil Service Commission, the Turnpike Commission,
					 the Milk Marketing Board, the Liquor Control Board, the Human Relations
					 Commission, the Labor Relations Board, the Securities Commission, the State Tax
					 Equalization Board, the Higher Education Assistance Agency, the Crime
					 Commission and the State Ethics Commission.
Payment date
-A payment shall be considered
					 made on:
(i) The date of the
				  check;
(ii) The date of scheduled
				  electronic funds transfer; or
(iii)
				  The date of wire transfer.
Payment office or finance center
-The
					 location to which a Commonwealth agency directs an invoice to be submitted, as
					 stipulated on the contract or purchase document.
Proper invoice
-A billing from a vendor for
					 property or services accepted by a Commonwealth agency that contains or is
					 accompanied by such substantiating documentation and in such form and number as
					 may be required by the Commonwealth agency.
Qualified small business concern
-An
					 independently owned and operated for-profit business concern employing 100 or
					 fewer employes and not a subsidiary or affiliate of a corporation otherwise not
					 qualified.
Receipt of invoice
-The later of:
(i) The date on which the agency's designated
				  payment office or finance center actually receives a proper invoice;
				  or
(ii) The date on which the
				  Commonwealth agency accepts the property or service concerned.
Required payment date
-
(i) The date on which payment is due under
				  the terms of a contract;
(ii)
				  Thirty days after receipt of a proper invoice if a date on which payment is due
				  is not specified in the contract; or
(iii) The net payment date stated on the
				  invoice if later than the dates established in accordance with subparagraphs
				  (i) and (ii).
This section cited in 4 Pa. Code §
												2.36 (relating to eligibility
						requirements).