The time at which payment for a purchase by a local governmental entity, except for the purchase of construction services, is due must be calculated from:

1. (1) The date on which a proper invoice is received by the chief disbursement officer of the local governmental entity after approval by the governing body, if required; or

2. (2) If a proper invoice is not received by the local governmental entity, the date:

   1. (a) On which delivery of personal property is accepted by the local governmental entity;
   2. (b) On which services are completed;
   3. (c) On which the rental period begins; or
   4. (d) On which the local governmental entity and vendor agree in a contract that provides dates relative to payment periods; whichever date is latest.

History.--s. 4, ch. 89-297; s. 2, ch. 95-331.