Prompt Payment Act. It is the policy of the state of Texas to make payment on a properly prepared and submitted invoice within thirty (30) days of the latter of any final acceptance of performance or the receipt of a properly submitted invoice, in conformance with the Texas Prompt Payment Act. Generally, payment will be made on the 30th day unless a discount has been arranged for more immediate payment.
Appears in 3 contracts
Sources: Addendum to Agreement, Addendum to Agreement, Addendum to Agreement