§ 17–102
Statutes in effect as of October 1, 2026.
Md. Code Ann., State Fin. & Proc. § 17-102 (2026)
Title 17. Special Provisions -- State and Local Subdivisions
Subtitle 1. Security for Construction Contracts
§ 17–102LinkCopy Citation
(a)
This subtitle does not limit the authority of a public body to require performance security in addition to, or in cases other than, those specified under §§ 17-103, 17-104, 17-106, and 17-107 of this subtitle.
(b)
This subtitle applies only to security for a construction contract.
(c)
(1)
By ordinance, Baltimore City may provide for a program to satisfy the bonding requirements under §§ 17-103, 17-104, 17-106, and 17-107 of this subtitle with respect to any construction contract:
(i)
that does not exceed $200,000; and
(ii)
for which State money is not used.
(2)
The program shall provide for payment security of at least 50% of the total amount payable under the contract.