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40 <br />• <br />C> <br />the entity or organization has complied with the provisions of this <br />Agreement. <br />31. Pursuant to s. 215.422, Florida Statutes, the <br />DEPARTMENT's Project Manager shall have five (5) working days, unless <br />otherwise specified herein, to inspect and approve the payment <br />requests for payment. The DEPARTMENT must submit a request for <br />payment to the Florida DEPARTMENT of Banking and Finance within twenty <br />(24) days; and the DEPARTMENT of Banking and Finance has fifteen (15) <br />days to issue a warrant. Days are calculated from the date the <br />invoice is received or the date the services are received, inspected, <br />and approved, whichever is later. Invoice payment requirements do not <br />start until a complete and correct invoice has been, received. <br />Invoices which have to be returned to the GRANTEE for correction(s) <br />will result in a delay in the payment. A Vendor Ombudsman has been <br />established within the Florida DEPARTMENT of Banking and Finance who <br />may be contacted if a contractor is experiencing problems in obtaining <br />timely payment(s) from a State of Florida agency. The Vendor <br />Ombudsman may be contacted at 8501488-2924 or 1-800-848-3792. <br />32. In accordance with s. 215.422, Florida Statutes, the <br />DEPAR'T'MENT shall pay the GRANTEE interest at a rate as established by <br />s. 55.03(1), Florida Statutes, on the unpaid balance, if a warrant in <br />payment of an invoice is not issued within 40 days after receipt of a <br />correct invoice and receipt, inspection, and approval of the goods and <br />services. Interest payments of less than $1 will not be enforced <br />unless the GRANTEE requests payment. The interest rate established <br />pursuant to s. 55.03(1), Florida Statutes, by Comptroller's Memorandum <br />Page 10 of 13 <br />