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New York policy

A5491: Relates to providing for prompt payment by contractors receiving public funds of amounts owed to small businesses and minority-owned business enterprises

NY Assembly · Sponsor Rodneyse Bichotte Hermelyn

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Jurisdiction
New York State
Applies to
New York State (proposed)
Effective
January 7, 2026

What it requires

Requires contractors receiving public funds to pay amounts owed to small businesses and minority-owned business enterprises within 10 days of receipt of an undisputed invoice generated by a small business, minority-owned business enterprise or vendor management service and managed service provider on behalf of the small business or minority-owned business enterprise.

ny-stateassemblylegislationbill

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