Wednesday, August 24, 2011
Prompt Payment Act
The Prompt Payment Act provides that if a governmental entity does not make timely payments under a contract with a vendor of goods or services, the vendor may suspend performance and recover interest accruing on any undisputed late payments. See TEX. GOV’T CODE ANN. §§ 2251.025, 2251.051 (West 2008).
SOURCE: Houston Court of Appeals - 01-10-00649-CV - 8/18/11