Texas § GV.2251.030 - PROMPT OR EARLY PAYMENT DISCOUNT
Full text of Texas The Texas Constitution § GV.2251.030 — PROMPT OR EARLY PAYMENT DISCOUNT, with citation guidance and answers to common questions.
§ GV.2251.030. PROMPT OR EARLY PAYMENT DISCOUNT
PROMPT OR EARLY PAYMENT DISCOUNT. (a) The intent of the legislature is that a governmental entity should take advantage of an offer for an early payment discount. A state agency shall when possible negotiate a prompt payment discount with a vendor. (b) A governmental entity may not take an early payment discount a vendor offers unless the governmental entity makes a full payment within the discount period. (c) If a governmental entity takes an early payment discount later, the unpaid balance accrues interest beginning on the date the discount offer expires. (d) A state agency, when paying for the goods or service purchased under an agreement that includes a prompt or early payment discount, shall submit the necessary payment documents or information to the comptroller sufficiently in advance of the prompt or early payment deadline to allow the comptroller or the agency to pay the vendor in time to obtain the discount. Added by Acts 1993, 73rd Leg., ch. 268, Sec. 1, eff. Sept. 1, 1993. Amended by Acts 1999, 76th Leg., ch. 1499, Sec. 1.35, eff. Sept. 1, 1999; Acts 2001, 77th Leg., ch. 1158, Sec. 70, eff. June 15, 2001. SUBCHAPTER C. CLAIMS AND DISPUTES
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § GV.2251.030
What does The Texas Constitution § GV.2251.030 cover?
Section GV.2251.030 ("PROMPT OR EARLY PAYMENT DISCOUNT") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § GV.2251.030?
A common citation format is "The Texas Constitution § GV.2251.030" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § GV.2251.030 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.