§ 17–105

Statutes in effect as of October 1, 2026.

Md. Code Ann., State Fin. & Proc. § 17-105 (2026)

Title 17. Special Provisions -- State and Local Subdivisions

Subtitle 1. Security for Construction Contracts

(a)

Security under this subtitle:

(1)

if required by the State or a unit of the State government, shall be payable to “the State of Maryland”; or

(2)

if required by any other public body, shall be payable to that public body.

(b)

The form of payment security or performance security shall be approved:

(1)

for the State or a unit of the State government, by the Attorney General; and

(2)

for any other public body, by its attorney.

(c)

The contractor shall file the security or evidence of a trust account established as security:

(1)

if payable to the State under this section, in the Office of the Comptroller; or

(2)

if payable to any other public body, in the appropriate office of that public body.