District At-Large 1, Economic Development and Special Development Projects Committee, Helena Moreno
NEW ORLEANS – City Council Vice President Helena Moreno advanced Ordinance Cal. No. 35,177, aimed at addressing ongoing delays in payment from prime contractors to subcontractors. The ordinance, considered in the Economic Development Committee today, builds on the Council’s successful Net 30 legislation, which requires the City of New Orleans to pay vendors and contractors within 30 days. While this policy has led to measurable improvements in payments from the City to prime contractors, concerns remain that many subcontractors continue to face delays in receiving their share of funds. The ordinance now requires City prime contractors to also follow Net 30 and pay subcontractors for all undisputed amounts owed within 30 days of receiving payment from the City.