PROCUREMENT CONTRACT FEE. Effective June 22, 2010, Chapter 56 of the Laws of 2010 repealed State Finance Law §163-c requiring a Procurement Contract Fee on certain centralized contacts. With the repeal, the fee is eliminated from current centralized contracts containing the “Procurement Contract Fee” clause as well as pending and future solicitations. A Contractor is not required to pay the fee of one-half of one percent (0.005) of total sales made to authorized users.
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Samples: Contract, www.ogs.state.ny.us, Contract