Contracts; payment terms for business to business transactions; provide

Summary

The bill amends Georgia’s prompt‑payment laws to define business‑to‑business transactions and adds a rule that a business must pay a contractor or subcontractor within 30 days of the contractor’s receipt of cash. It applies to any contract where goods, services, or information are exchanged between businesses. The change aims to speed up cash flow for smaller firms and construction subcontractors.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share