1. (a) In this subtitle the following words have the meanings indicated.
2. (b) “Covered procurement” means a procurement that is valued at less than $80,000,000.
3. (c) “ESOP evaluation factor” means a preference for an ESOP offeror that a unit may include in the evaluation of proposals.
4. (d) “ESOP offeror” means a responsible offeror who utilizes an employee stock ownership plan approved under § 401(a) of the Internal Revenue Code.
5. (e) “Unit” means the Maryland Stadium Authority, a university, or the Baltimore City Community College.
6. (f) “University” means Morgan State University or St. Mary's College of Maryland.

Added by Acts 2025, c. 736, § 1, eff. July 1, 2025; Acts 2025, c. 737, § 1, eff. July 1, 2025.