Section 1-1708. TIME DISCOUNTS

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1708.1An agency shall not take a time discount, by expediting a payment in exchange for a discount of the amount due, unless it is more economical to expedite payments than to pay on the required date.

1708.2An agency shall not pay the discounted price if the payment is not made within the specified discount period.

source

Final Rulemaking published at 35 DCR 8131, 8135 (November 18, 1988).

                    
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