The Development and Implementation of the Prompt Payment Act Senate Bill 1131.

Abstract

The enactment of Public Law 97-177 is considered a most effective directive for improving the Government's bill paying practices. This study, undertaken to investigate the need for such legislation and to analyze procedures established to implement the law, indicate the law has the potential for improving the Government bill paying reputation. Additionally, business generated by the slow bill paying practices of the Government. Problems inherent in the implementation of this law are: reconciling prompt bill payment with Federal cash management practices; ensuring contract funds are not channeled into nonproductive interest payments; reducing the administrative burden created to monitor bill payment and interest penalty payment; assigning responsibility for late payments and funding of interest payments. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1983
Accession Number
ADA128029

Entities

People

  • Bobby Leon Sutton Jr
  • Kennard Ray Hall

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Biomedical
  • C4I
  • Human Systems

DTIC Thesaurus Topics

  • Accounting
  • Air Force
  • California
  • Commerce
  • Congress
  • Contractors
  • Contracts
  • Department Of Defense
  • Government Procurement
  • Governments
  • Law
  • Military Acquisition
  • Money
  • National Governments
  • Small Business
  • United States
  • United States Government

Readers

  • Defense Financial Management and Audit.
  • Government Contracting/Procurement.
  • Systems Analysis and Design