[Okgrants] Prompt Payment Act - Federal Grants
Susan Trombley
strombley at se.edu
Tue Nov 14 09:18:35 CST 2023
Hello -
We have federal payments via SF-270 that have been pending since 6/29/2023 with a particular federal agency. I want to know if the grantee is owed interest on late Federal reimbursement the same as a Federal contractor.
I reviewed the Prompt Payment Act and it clearly applies to the Federal government making prompt payments on Federal contracts. But I can't find if this extends to Federal grants.
What I have found that pertains to grants is, if the grantee incurs late payments or penalties, that cannot be passed on to the Federal grant.
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