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Maryland · Through 2026-01-01

Md. Code, State Finance and Procurement § 15–103

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  1. Article - State Finance and Procurement

(a) It is the policy of the State to make a payment under a procurement contract:

(1) within 30 days after the day on which the payment becomes due and the unit receives a proper invoice; or

(2) for a small business reserve contract, within 15 days after the day on which the payment becomes due and the unit receives a proper invoice.

(b) Interest shall accrue in accordance with § 15–104 of this subtitle.

Collected 2026-09-14T20:00:48Z. Source file · JSON

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