Plain Text Law

Regulation .18 Payment of State Obligations.

Regulation .18 Payment of State Obligations.Copy Citation

Mandatory provision for all contracts. The following clause is preferred:
“Unless a payment is unauthorized, deferred, delayed, or set-off under COMAR 21.02.07, Payments to the Contractor pursuant to this Contract shall be made no later than 30 days after the State’s receipt of a proper invoice from the Contractor.
The Contractor may be eligible to receive late payment interest at the rate of 9% per annum if: