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§ 15-105. Unit liability for interest

West's Annotated Code of MarylandState Finance and Procurement

West's Annotated Code of Maryland
State Finance and Procurement
Division II. General Procurement Law [Titles 11-End] (Refs & Annos)
Title 15. Procurement Contract Administration and Dispute Resolution (Refs & Annos)
Subtitle 1. Procurement Contract Administration (Refs & Annos)
MD Code, State Finance and Procurement, § 15-105
§ 15-105. Unit liability for interest
Currentness
A unit is not liable under § 15-104 of this subtitle for interest:
(1) unless within 30 days after the date on the State's check for the amount on which the interest accrued, the contractor submits an invoice for the interest;
(2) if a contract claim has been filed under Subtitle 2 of this title;
(3) accruing more than 1 year after the 31st day after the unit receives an invoice; or
(4) on an amount that represents unpaid interest.

Credits

Added by Acts 1988, c. 48, § 2, eff. Oct. 1, 1988. Amended by Acts 1996, c. 682, § 1, eff. Oct. 1, 1996.
MD Code, State Finance and Procurement, § 15-105, MD STATE FIN & PROC § 15-105
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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