No contract between a local governmental entity and a vendor or a provider of construction services shall prohibit the collection of late payment interest charges allowable under this part.
Fla. Stat. § 218.75
Mandatory interest
Known as the Local Government Prompt Payment Act
The act spans §§ 218.70 to 218.79 (12 sections).
History.--s. 4, ch. 89-297; s. 5, ch. 2001-169.
Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.