ADVANCE PAYMENTS FOR REIMBURSEMENT SERVICES CONTRACTS - 8453-MAR-2014

(Revised: 03/2014)

Charges for services to be performed by a state department may be paid in advance by the entity to receive such services. The department which performs the services will account for the payment as a reimbursement to their appropriation. Advance payments may be used to alleviate cash flow or collection problems. Terms of the advance payment must be specified in the reimbursement services contract.