Nevada AB442 revises grant payment procedures for private nonprofit corporations.

Nevada AB442 amends state financial administration by setting requirements for payments to private nonprofit corporations. It mandates that payments under a grant agreement be made within 30 days after the due date or receipt of a proper invoice, whichever is later. The bill also imposes interest on amounts due and payable under a written grant agreement if payment is not made within the specified timeframe. It authorizes state entities to use media other than original paper documents to expedite payment.

Nevada AB442 revises grant payment procedures for private nonprofit corporations.

Nevada AB442 amends state financial administration by setting requirements for payments to private nonprofit corporations. It mandates that payments under a grant agreement be made within 30 days after the due date or receipt of a proper invoice, whichever is later. The bill also imposes interest on amounts due and payable under a written grant agreement if payment is not made within the specified timeframe. It authorizes state entities to use media other than original paper documents to expedite payment.