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Current as of January 02, 2025 | Updated by Findlaw Staff
Standards for payments to government wide commercial purchase card issuers follow:
(a) Payment date. All individual purchase card invoices under $2,500 may be paid at any time, but not later than 30 days after the receipt of a proper invoice. Matching documents is not required before payment. The payment due date for invoices in the amount of $2,500 or more shall be determined in accordance with § 1315.8. I TFM 4–4535.10 4 permits payment of the bill in full prior to verification that goods or services were received.
4 See footnote 3 in § 1315.7(a).
(b) Disputed line items. Disputed line items do not render the entire invoice an improper invoice for compliance with this proposed regulation. Any undisputed items must be paid in accordance with paragraph (a) of this section.
Cite this article: FindLaw.com - Code of Federal Regulations Title 5. Administrative Personnel § 5.1315.12 Payments to governmentwide commercial purchase card issuers - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-5-administrative-personnel/cfr-sect-5-1315-12/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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