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Statutes Text

Article - State Finance and Procurement




§17–105.

    (a)    Security under this subtitle:

        (1)    if required by the State or a unit of the State government, shall be payable to “the State of Maryland”; or

        (2)    if required by any other public body, shall be payable to that public body.

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

        (1)    for the State or a unit of the State government, by the Attorney General; and

        (2)    for any other public body, by its attorney.

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

        (1)    if payable to the State under this section, in the Office of the Comptroller; or

        (2)    if payable to any other public body, in the appropriate office of that public body.



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