Md. Code Ann., State Fin. & Proc. § 14-1005
Written verification of IRS determination letter
Effective Jul 1, 2025Added by Acts 2025, c. 736, § 1, eff. July 1, 2025; Acts 2025, c. 737, § 1, eff. July 1, 2025.State of Maryland
- (a) A contractor that is awarded a contract for a covered procurement shall provide to a unit, as a condition of receiving the contract, written verification of the IRS determination letter for the contractor's employee stock ownership plan.
- (b) The written verification required under subsection (a) of this section shall be provided by a contractor to the unit responsible for the project with the submission of a proposal.
Added by Acts 2025, c. 736, § 1, eff. July 1, 2025; Acts 2025, c. 737, § 1, eff. July 1, 2025.