Procurement Code - Payments for Goods and Services Received by the District

A. Payment for Goods and Services.

1. All vouchers for payment or purchases goods or services shall be delivered to the Accounts Payable within thirty workdays from acceptance of the goods or services and proper invoice. After the thirtieth workday, following acceptance of the postmark on the invoice, Accounts Payable shall levy an amount not to exceed fifteen percent per annum from the funds available to the District, such amount to be applied to unpaid balance to be remitted to the vendor unless the vendor waives imposition of the penalty.

2. The thirty-day period shall not begin until the District certifies its satisfaction with the received goods or services and proper invoice.