Prompt Payment Act of 2025

Expanded the bill to cover 'grantees' (recipients of state grants) in addition to 'vendors'.

Removed the specific interest rate and calculation rules for late payments; replaced with a mandate for the State Auditor to publish a monthly list of agencies violating the law.

Added a new section defining key terms including 'grantee', 'state grant' (with specific exclusions), 'vendor', and 'legitimate claim for payment'.

Added a requirement for agencies to notify the State Auditor if they violate the payment timeline, and allowed vendors/grantees to report violations.

Maintained the 45-day payment deadline and 10-day processing deadline but applied them to both grants and vendor invoices.

Added official certification language and signature lines for the Clerk of the House of Delegates, Clerk of the Senate, Speaker of the House, President of the Senate, and Governor.

Added legislative metadata including passage date, effective date, and origin chamber information.

Removed draft-specific formatting elements including committee headers, page numbers, and internal markup indicators.

Added website navigation links and footer content that were present in the draft version.