Md. Code, State Finance and Procurement § 15-103
Md. Code, State Finance and Procurement § 15-103
in effect(a) It is the policy of the State to make a payment under a procurement contract:
(1) within 30 days after the day on which the payment becomes due and the unit receives a proper invoice; or
(2) for a small business reserve contract, within 15 days after the day on which the payment becomes due and the unit receives a proper invoice.
(b) Interest shall accrue in accordance with § 15–104 of this subtitle.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf§ion=15-103&enactments=falseFetched: 10/17/2026