Prompt Payment Act

The State of Texas Prompt Payment Act, Texas Government Code Chapter 2251, (http://www.statutes.legis.state.tx.us/Docs/GV/htm/GV.2251.htm) requires that for any contract executed after August 31, 1987, a state agency's payment is due by the 30th calendar day after the latest of the following:

  • The day the agency received the goods;
  • The day the services were completed by the vendor for the agency; or
  • The day the agency received the invoice for the goods or services.