# State Finance and Procurement (GSF)

## Title 15. Procurement Contract Administration and Dispute Resolution

### Subtitle 1. Procurement Contract Administration

#### Section 15-103

(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 Sec. 15-104 of this subtitle.

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Md. Code Ann., State Fin. & Proc. (as displayed at mgaleg.maryland.gov, October 16, 2026)