§ 17-303. Interest on unpaid contracts
West's Annotated Code of MarylandPublic UtilitiesEffective: October 1, 2010
Effective: October 1, 2010
MD Code, Public Utilities, § 17-303
§ 17-303. Interest on unpaid contracts
Any amount due and payable under law and an authorized, written procurement contract that remains unpaid for more than 45 calendar days after the receipt date shall accrue interest, at the rate specified in § 11-107(a) of the Courts Article, for the period that begins 31 calendar days after the receipt date.
Credits
Added by Acts 2010, c. 37, § 3, eff. Oct. 1, 2010.
MD Code, Public Utilities, § 17-303, MD PUBLIC UTIL § 17-303
Current through legislation effective through May 9, 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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