N.Y. Comp. Codes R. & Regs. tit. 2 § 18.4

Current through Register Vol. 46, No. 53, December 31, 2024

Section 18.4 - Merchandise/invoice receipt date

(a) Except where adjusted pursuant to sections 18.7 -18.14 of this Part, the MIR date shall be:

(1) in the case of final payments on highway construction contracts, 30 calendar days, excluding legal holidays, after the date on which the contract work has been accepted by the Commissioner of Transportation;

(2) in the case of contracts which require that the contractor be paid at predetermined intervals, the 30th calendar day, excluding legal holidays, prior to each payment date specified in the contract, or the date upon which an invoice, if required, is submitted, whichever date is later; or

(3) in all other cases, the date of the receipt of an invoice as defined in section 18.1(h) of this Part.

(b) The MIR date determined in accordance with subdivision (a) of this section shall be adjusted in the situations described in sections 18.7 -18.14 of this Part, in accordance with the procedure outlined therein.

N.Y. Comp. Codes R. & Regs. Tit. 2 § 18.4