{"data":{"id":"us-md/md.-code-state-finance-and-procurement-15-103","jurisdiction":"us-md","citation":"Md. Code, State Finance and Procurement § 15–103","heading":"","body":"(a) It is the policy of the State to make a payment under a procurement contract:\n(1) within 30 days after the day on which the payment becomes due and the unit receives a proper invoice; or\n(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.\n(b) Interest shall accrue in accordance with § 15–104 of this subtitle.","path":["Article - State Finance and Procurement"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf\u0026section=15-103","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:00:48Z","sha256":"3e807008151644f22a98aedd15c66d856a771cb48ccfea2ab5977d42ee21e37d","source_id":"us-md","stale":false,"prev":"us-md/md.-code-state-finance-and-procurement-15-102","next":"us-md/md.-code-state-finance-and-procurement-15-104"},"notice":"GroundRules: Original legal text. Not legal advice."}