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Section 15-107 - Duty of Unit After Semifinal Payment — Maryland Law | CourtGPT
  1. Home/
  2. Laws/
  3. Maryland/
  4. State Finance and Procurement/
  5. Division II - General Procurement Law/
  6. Title 15 - Procurement Contract Administration and Dispute Resolution/
  7. Subtitle 1 - Procurement Contract Administration/
  8. Section 15-107 - Duty of Unit After Semifinal Payment
Maryland Legal Code

Section 15-107 - Duty of Unit After Semifinal Payment

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After a unit pays a semifinal estimate on a procurement contract, the unit shall place any retainage remaining in its possession in an interest bearing escrow account.