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§ 17-102. Application of Subtitle

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 17. Special Provisions--State and Local Subdivisions (Refs & Annos)
Subtitle 1. Security for Construction Contracts (Refs & Annos)
MD Code, State Finance and Procurement, § 17-102
§ 17-102. Application of Subtitle
Currentness
In general
(a) This subtitle does not limit the authority of a public body to require performance security in addition to, or in cases other than, those specified under §§ 17-103, 17-104, 17-106, and 17-107 of this subtitle.
Construction contracts
(b) This subtitle applies only to security for a construction contract.
Application to Baltimore City
(c)(1) By ordinance, Baltimore City may provide for a program to satisfy the bonding requirements under §§ 17-103, 17-104, 17-106, and 17-107 of this subtitle with respect to any construction contract:
(i) that does not exceed $200,000; and
(ii) for which State money is not used.
(2) The program shall provide for payment security of at least 50% of the total amount payable under the contract.

Credits

Added by Acts 1988, c. 48, § 2, eff. Oct. 1, 1988. Amended by Acts 1998, c. 636, § 1, eff. Oct. 1, 1998.
MD Code, State Finance and Procurement, § 17-102, MD STATE FIN & PROC § 17-102
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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