ST PROMPT PAY- VOUCHER INFO

Amends the State Prompt Payment Act. Requires a State official or agency responsible for administering a contract, when submitting a voucher to the Comptroller for payment to a contractor, to promptly make available electronically the voucher number, the fate of the voucher, and the amount of the voucher. Provides that the State official or agency responsible for administering the contract shall provide subcontractors and material suppliers, known to the State official or agency, with instructions on how to access the electronic information. Provides that if a contractor, without reasonable cause, fails to make a full (now, any) payment of certain amounts due to his subcontractors and material supplier within 15 days after receipt of payment under a public construction contract, the contractor must pay the subcontractors and material suppliers 4% (now, 2%) interest each months in addition to the payments due until the amount is fully paid. Provides procedures for subcontractors and material suppliers to follow. Provides that if a State official or agency responsible for administering a contract determines, after notice to appropriate parties and a hearing, that a contractor has failed to make a payment in full within 45 days under a public construction contract, then that contractor must make payment within 15 days after the finding; if not, the contractor is barred from entering into a State public construction contract for one year.