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Statutes & Constitution : View Statutes : Online Sunshine Page 1 of 7 <br /> PART VII EXHIBIT F <br /> FLORIDA PROMPT PAYMENT ACT <br /> 218 . 70 Short title . <br /> 218 . 71 Purpose and policy . <br /> 218 . 72 Definitions . <br /> 218 . 73 Timely payment for nonconstruction services . <br /> 218 . 735 Timely payment for purchases of construction services . <br /> 218 . 74 Procedures for calculation of payment due dates . <br /> 218 . 75 Mandatory interest . <br /> 218 . 76 Improper payment request or invoice ; resolution of disputes . <br /> 218 . 77 Payment by federal funds . <br /> 218 . 78 Report of interest . <br /> 218 . 79 Repeal of conflicting laws . <br /> 218 . 80 Public Bid Disclosure Act . <br /> 218 . 70 Short title . - - This part may be cited as the " Florida Prompt Payment Act . " <br /> History . - - s . 4 , ch . 89 - 297 . <br /> 218 . 71 Purpose and policy . - - <br /> ( 1 ) The purpose of this part is : <br /> ( a ) To provide for prompt payments by local governmental entities and their institutions and agencies . <br /> ( b ) To provide for interest payments on late payments made by local governmental entities and their <br /> institutions and agencies . <br /> (c ) To provide for a dispute resolution process for payment of obligations . <br /> ( 2 ) It is the policy of this state that payment for all purchases by local governmental entities be made in a <br /> timely manner . <br /> rfr <br /> http ://www . leg . state . fl . us/Statutes/index . cfm ?App_mode=Display_Statute&URL=Ch02 l 8/. , . 5/31 /2005 <br />