//www.googletagmanager.com/ns.html?id=GTM-KZGK
Finance Division

Disbursements

LATE CHARGES

Payment for expenditures should be made within thirty (30) workdays from the receipt of the goods and/or services.

Any late charges submitted by a vendor on an invoice should be deleted. However, every courtesy should be extended to the vendor in resolving any misunderstandings.

If the agency determines a late payment charge is owed the vendor, a voucher should be submitted for payment. This charge should not exceed 6.25% per annum (.000171232% per day). The expenditure account code 7309 – Late Payment Charges would be used to pay the charge.

Please note/Exemption: Invoices submitted for gas, electricity, telephone, water and sewer services provided by public utilities subject to rate regulation by the Public Service Commission are exempt from late payment charges.

http://www.cg.sc.gov/agencyinfo/disbregs/latepay.htm

updated April 2012

Utility Links

Search

Text Only Options

Top of page


Text Only Options

Open the original version of this page.

Usablenet Assistive is a UsableNet product. Usablenet Assistive Main Page.