Guam § 22505 - Rules and Regulations.

§ 22505. Rules and Regulations.

The Director of the Department of Administration shall

promulgate rules and regulations in accordance with the

Administrative Adjudication Law and this Article. Such

regulations shall specify:

COL4/6/2022

(a) that for any property or services not covered by items

(b), (c) and (d) of this Section, the required payment date

shall be the date on which payment is due under the terms of

the contract for the provision of such property or service; or,

if a specific date on which payment is due is not established

by contract or by items (b), (c) and (d) of this Section, thirty

(30) days after receipt of a proper invoice for the amount of

the payment; and

(b) in the case of an acquisition of food product, a

required payment date which is not later than fifteen (15)

days after the date of delivery of such food product; and

(c) in case of an acquisition of a perishable agricultural

commodity, a required payment date; and

(d) in the case of a contract under which property or

services are provided in a series of partial executions or

deliveries, to the extent that such contract provides for

separate payment for such partial execution or delivery, such

separate payment dates shall be the required payment dates;

and

(e) a requirement that, within fifteen (15) days the date

on which an invoice is received, that a government agency

notify the business of any defect or impropriety in such

invoice which would prevent the running of the time period

specified in items (a), (b), (c) or (d) of this Section.