Prompt Payment Law:
- The date the agency receives the goods under the contract,
- The date the vendor completes performing its services for the agency, or
- The date the agency receives an invoice for the goods or services.
The University’s Disbursement of Funds procedure state that the date an invoice is received by the University will be stamped or otherwise noted on the invoice. This date is considered the invoice receipt date. If more than one stamped or written date appears on the invoice, the earliest date will be considered the invoice receipt date. If an invoice is emailed to you directly, you should record the date received on the invoice before sending it to Accounting Services. Please note that invoices can be emailed to email@example.com.