Relates to providing for prompt payment by contractors receiving public funds of amounts owed to small businesses and minority-owned business enterprises
Summary
Requires contractors receiving public funds to pay amounts owed to small businesses and minority-owned business enterprises within 10 days of receipt of an undisputed invoice generated by a small business, minority-owned business enterprise or vendor management service and managed service provider on behalf of the small business or minority-owned business enterprise.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 16, 2025
Last action Jan 7, 2026
Maddy AI version diff · 1 comparison
What changed between versions
S2284
→
S2284A
·
5 edits
MODERATE
This bill amendment expands the definition of covered projects to include smaller projects (lowering the threshold from $5 million to $25,000), removes certain construction-related activities from the definition of contractors and subcontractors, and changes payment timelines from 30 days to 10 business days. These changes aim to improve cash flow for small businesses and minority-owned enterprises by ensuring faster payments on a broader range of public projects.
Scope change
The bill now applies to projects with public funding of at least 30% where total project costs exceed $25,000 (previously $5 million), and excludes construction contractors from certain definitions.
ELIGIBILITY
Lowered the minimum project cost threshold from $5 million to $25,000, expanding the number of projects covered by the prompt payment requirements.
DEFINITION
Removed construction, reconstruction, rehabilitation, and repair of buildings or highways from the definitions of 'contractor' and 'subcontractor'.
Added new definitions for 'entity' and 'public entity' to clarify who is responsible for payments and interest accrual.
TIMELINE
Changed payment timeline from 30 days after invoice receipt to 10 business days, accelerating payment obligations.
REQUIREMENT
Removed the requirement for contractors to generate invoices within seven days of service, simplifying the invoicing process.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
2
Committee
2
Amendments
2
Jan 7, 2026
Committee
REFERRED TO PROCUREMENT AND CONTRACTS
upper
May 9, 2025
Upper · Passed
PRINT NUMBER 2284A
upper
May 9, 2025
Upper · Passed
AMEND AND RECOMMIT TO PROCUREMENT AND CONTRACTS
upper
Jan 16, 2025
Committee
REFERRED TO PROCUREMENT AND CONTRACTS
upper
1 primary · 3 co-sponsors
Sponsors
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