SB 1823: Public Contracts - As enacted, requires a state department, agency, or official who contracts with a business to acquire property or services to make payments under the contract to the business within a certain time frame after receipt of the invoice; requires such state departments, agencies, and officials to annually report to the chairs of the appropriate standing committees of the senate and house of representatives the number and aggregate amount of late payments made for the preceding fiscal year and the amount of interest paid and outstanding on such late payments. - Amends TCA Title 12, Chapter 4.

Plain-language summary

SB 1823 is a bill introduced in the Tennessee Senate on January 20, 2026. According to its official title, it concerns: Public Contracts - As enacted, requires a state department, agency, or official who contracts with a business to acquire property or services to make payments under the contract to the business within a certain time frame after receipt of the invoice; requires such state departments, agencies, and officials to annually report to the chairs of the appropriate standing committees of the senate and house of representatives the number and aggregate amount of late payments made for the preceding fiscal year and the amount of interest paid and outstanding on such late payments. - Amends TCA Title 12, Chapter 4. Primary sponsor: Adam Lowe (Republican). Most recent recorded action (May 18, 2026): Pub. Ch. 894.

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written