§ 24-4 Letters of credit for certain school contracts.
Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.
Balt., Md., Code art. 5, § 24-4 (2026)
§ 24-4 Letters of credit for certain school contracts.LinkCopy Citation
When a sole source contract between the City of Baltimore and a vendor to provide instructional, supervisory, or administrative services to the Board of School Commissioners is renegotiated, the vendor shall post an irrevocable letter of credit if the contract is for more than $100,000.
History: Ord. 95-559