# COMAR Title 21 — State Procurement Regulations

## Subtitle 07 — Contract Terms and Conditions

### Chapter 03 — Mandatory Terms and Conditions for Purchase Orders Over $50,000

#### Regulation .07 Financial Disclosure.

*COMAR 21.07.03.07*

“The Contractor shall comply with State Finance and Procurement Article, §13-221, Annotated Code of Maryland. That section requires a business to file with the Secretary of State of Maryland certain specified information, including disclosure of beneficial ownership of the business, within 30 days of the date the aggregate value of any contracts, leases, or other agreements that the business enters into with the State of Maryland or its agencies during a calendar year reaches $200,000.”