Utah Code 15-6-2. Time for payment by state agencies
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(1) An agency of the state of Utah which acquires property or services pursuant to a contract with a business shall pay for each complete delivered item of property or service on the date required by contract between such business and agency or, if no date for payment is specified by contract, within 60 days after receipt of the invoice covering the delivered items or services.
Terms Used In Utah Code 15-6-2
- Contract: A legal written agreement that becomes binding when signed.
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) The acquisition of property includes the rental of real or personal property.