Synopsis As Introduced Amends the State Comptroller Act. Provides that the Comptroller shall not draw a warrant on the treasury for an amount that is less than $5, unless the person owed the funds makes a request, in writing, to the Office of the State Comptroller that the Comptroller draw the warrant. Provides that the Comptroller shall adopt rules to implement the requirement. Effective immediately.
Replaces everything after the enacting clause. Amends the State Prompt Payment Act. In provisions concerning interest penalties for late payments to a vendor by the State, provides that interest accrued as of the end of the fiscal year that does not exceed $50 shall be payable at that time only if the interest accrued is $5 or more. Makes revisory changes.