BILL NUMBER: AB 1294	INTRODUCED
	BILL TEXT


INTRODUCED BY   Assembly Member Holden

                        FEBRUARY 27, 2015

   An act to amend Section 927 of the Government Code, relating to
state government.


	LEGISLATIVE COUNSEL'S DIGEST


   AB 1294, as introduced, Holden. State government.
   The California Prompt Payment Act dictates that a state agency
that fails to make a timely payment for goods or services acquired
pursuant to a contract with a specified business or organization is
subject to a late payment penalty, and dictates that the act applies
to all state agencies, including, but not limited to, the Public
Employees' Retirement System.
   This bill would make a nonsubstantive change to this provision.
   Vote: majority. Appropriation: no. Fiscal committee: no.
State-mandated local program: no.


THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:

  SECTION 1.  Section 927 of the Government Code is amended to read:
   927.  (a) This chapter shall be known and may be cited as the
California Prompt Payment Act.
   (b) It is the intent of the Legislature that state agencies pay
properly submitted, undisputed invoices, refunds, or other undisputed
payments due to individuals within 45 days of receipt or
notification thereof, or automatically calculate and pay the
appropriate late payment penalties as specified in this chapter.
   (c) Notwithstanding any other  provision of  law,
this chapter shall apply to all state agencies, including, but not
limited to, the Public Employees' Retirement System, the State
Teachers' Retirement System, the Treasurer, and the Department of
General Services.