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Past Due Payment - Mich. Comp. Laws Section 17.54Legal Research Home > Michigan Lawyer > State Administrative Board > Past Due Payment - Mich. Comp. Laws Section 17.54 Act 279 of 1984 17.54 Past due payment.
Sec. 4. (1) Except as provided in section 5, if a payment owed by a principal executive department to a private enterprise for goods or services is past due, the principal executive department shall pay an additional amount equal to 0.75% of the payment to the private enterprise to which payment is due. The principal executive department shall pay an additional amount equal to 0.75% of the payment due for the first month and each succeeding month or portion of a month the payment remains past due. (2) A principal executive department shall not require a private enterprise to submit a petition, bill, statement, or other additional notice in order to collect an amount due under subsection (1).
Last modified: January 1, 2008 |