Bill
SB 129
An Act establishing a 30-day deadline for the payment of contracts under the State Procurement Code; establishing deadlines for the payment of grants, contracts, and reimbursement agreements to nonprofit organizations, municipalities, and Alaska Native organizations; relating to payment of grants to named recipients that are not municipalities; and providing for an effective date.
34th Legislature (2025-2026)
Introduced by Cathy Giessel and 3 co-sponsors
Alaska requires state agencies to pay contracts within 30 days and establishes specific payment deadlines for grants to nonprofits, municipalities, and Alaska Native organizations to improve cash flow.
(S) REFERRED TO FINANCE
#agency
#business
#construction
#contractors
#contracts
#grants
#municipalities
#nativeorganizations
#nonprofitorganizations
#procurements