§ 15–107
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 15-107 (2026)
Title 15. Procurement Contract Administration and Dispute Resolution
Subtitle 1. Procurement Contract Administration
§ 15–107LinkCopy Citation
After a unit pays a semifinal estimate on a procurement contract, the unit shall place any retainage remaining in its possession in an interest bearing escrow account.