Md. Code Ann., State Fin. & Proc. § 15-105
Unit liability for interest
Effective Oct 1, 1996Added by Acts 1988, c. 48, § 2, eff. Oct. 1, 1988. Amended by Acts 1996, c. 682, § 1, eff. Oct. 1, 1996.State of Maryland
- (1) unless within 30 days after the date on the State's check for the amount on which the interest accrued, the contractor submits an invoice for the interest;
- (2) if a contract claim has been filed under Subtitle 2 of this title;
- (3) accruing more than 1 year after the 31st day after the unit receives an invoice; or
- (4) on an amount that represents unpaid interest.
A unit is not liable under § 15-104 of this subtitle for interest:
Added by Acts 1988, c. 48, § 2, eff. Oct. 1, 1988. Amended by Acts 1996, c. 682, § 1, eff. Oct. 1, 1996.