Common use of Payment of State Obligations Clause in Contracts

Payment of State Obligations. Payments to the Contractor pursuant to this Contract shall be made no later than 30 days after MSU’s receipt of a proper invoice from the Contractor. Charges for late payment of invoices, other than as prescribed by Title 15, Subtitle 1 of the State Finance and Procurement Article, Annotated Code of Maryland, or by the Public Service Commission of Maryland with respect to regulated public utilities, as applicable, are prohibited.

Appears in 5 contracts

Samples: Morgan State University Contract, Morgan State University Contract, Morgan State University Contract

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