§ 15–103

Statutes in effect as of October 1, 2026.

Md. Code Ann., State Fin. & Proc. § 15-103 (2026)

Title 15. Procurement Contract Administration and Dispute Resolution

Subtitle 1. Procurement Contract Administration

(a)

It is the policy of the State to make a payment under a procurement contract:

(1)

within 30 days after the day on which the payment becomes due and the unit receives a proper invoice; or

(2)

for a small business reserve contract, within 15 days after the day on which the payment becomes due and the unit receives a proper invoice.

(b)

Interest shall accrue in accordance with § 15–104 of this subtitle.