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Prompt Payment Act
The Town of Flower Mound complies with the Prompt Payment Act, Section 2252.025 of the Texas Government Code. The Prompt Payment Act ensures that companies transacting business with government agencies are paid in a timely manner. With certain exception, the Act requires that the government agency, i.e. Town of Flower Mound, make payment within thirty days of submission of a properly prepared invoice by a vendor. For amounts not paid within thirty days of receipt of the invoice, the Town is obligated to pay interest at the rate set by the Texas Comptroller of Public Accounts.




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