Home Table of Contents

§ 15-107. Payment of semifinal estimate; retainage

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, § 15-107
§ 15-107. Payment of semifinal estimate; retainage
Currentness
After a unit pays a semifinal estimate on a procurement contract, the unit shall place any retainage remaining in its possession in an interest bearing escrow account.

Credits

Added by Acts 1988, c. 48, § 2, eff. Oct. 1, 1988.
MD Code, State Finance and Procurement, § 15-107, MD STATE FIN & PROC § 15-107
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.
End of Document