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Md. Code, State Fin. & Proc. § 15-107

Md. Code, State Fin. & Proc. § 15-107

Maryland · Maryland Code, State Finance and Procurement · Status: effective

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Md. Code, State Fin. & Proc. § 15-107, Maryland, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1787601
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After a unit pays a semifinal estimate on a procurement contract, the unit shall place any retainage remaining in its possession in an interest bearing escrow account.