1. (a) Security under this subtitle:

   1. (1) if required by the State or a unit of the State government, shall be payable to “the State of Maryland”; or
   2. (2) if required by any other public body, shall be payable to that public body.

2. (b) The form of payment security or performance security shall be approved:

   1. (1) for the State or a unit of the State government, by the Attorney General; and
   2. (2) for any other public body, by its attorney.

3. (c) The contractor shall file the security or evidence of a trust account established as security:

   1. (1) if payable to the State under this section, in the Office of the Comptroller; or
   2. (2) if payable to any other public body, in the appropriate office of that public body.

Added by Acts 1988, c. 48, § 2, eff. Oct. 1, 1988.