Defense Agencies Compliance with Prompt Payment Procedures.

Abstract

The Prompt Payment Act, dated May 21, 1982, and amended on October 17, 1988, requires Federal agencies to make payments on time, pay interest penalties when payments are late, and take discounts only when payments are made within the discount period. On December 12, 1989, the Director of the Office of Management and Budget (0MB) revised the implementing regulations in 0MB Circular A-125, "Prompt Payment." Chapter 98 of DoD Manual 7220.9-M, the "DoD Accounting Manual,1' issued by the Comptroller of the Department of Defense on August 31, 1990, implemented the reporting requirements in 0MB Circular A-125.

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Document Details

Document Type
Technical Report
Publication Date
May 08, 1992
Accession Number
ADA378186

Entities

Organizations

  • Office of the Inspector General, U.S. Department of Defense

Tags

Communities of Interest

  • Space

DTIC Thesaurus Topics

  • Congress
  • Contracts
  • Control Systems
  • Databases
  • Department Of Defense
  • Financial Management
  • Governments
  • Information Systems
  • Law
  • Mainframe Computers
  • National Security
  • Procurement
  • Quality Control
  • Standards
  • Statistical Samples
  • Statistical Sampling
  • United States

Readers

  • Defense Financial Management and Audit.
  • Naval Personnel Management