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PART VII FLORIDA PROMPT PAYMENT ACT 218 . 70 Short title . 218 . 71 Purpose and policy. 218 . 72 Definitions . 218 . 73 Timely payment for nonconstruction services . 218 . 735 Timely payment for purchases of construction services . 218 . 74 Procedures for calculation of payment due dates . 218 . 75 Mandatory interest, 218 . 76 Improper payment request or invoice ; resolution of disputes . 218 . 77 Payment by federal funds. 218 . 78 Report of interest. 218 . 79 Repeal of conflicting laws . 218 . 80 Public Bid Disclosure Act. 218 .70 . Short title .This part may be cited as the " Florida Prompt Payment Act. " History .—s . 4 , ch . 89-297 . 218 .71 Purpose and policy .— ( 1 ) The purpose of this part is : ( a ) To provide for prompt payments by local governmental entities and their institutions and agencies . ( b ) To provide for interest payments on late payments made by local governmental entities and their institutions and agencies . ( c) To provide for a dispute resolution process for payment of obligations . (2) It is the policy of this state that payment for all purchases . by local governmental entities be made in a timely manner. History ,—s . 4 , ch . 89-297 . 218 .72 Definitions .—As used in this part: ( 1 ) " Proper invoice" means an invoice which conforms with all statutory requirements and with all requirements that have been specified by the local governmental entity to which the invoice is submitted . (2 ) " Local governmental entity" means a county or municipal government, school board , school district, authority , special taxing district, other political subdivision , or any office , board , bureau , commission , department, branch , division , or institution thereof or any project supported by county or municipal funds . ( 3 ) " County" means apolitical subdivision of the state established pursuant to s . 1 , Art. VIII of the State Constitution . (4 ) " Municipality" means a municipality created pursuant to general or special law and