Md. Code, State Finance and Procurement § 12-205

Md. Code, State Finance and Procurement § 12-205
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(a) This section does not apply to a lease entered into on or before May 31, 1967, unless the lease is renewed after that date. (b) An appropriation may not be obligated or spent for the lease of a building or part of a building to be occupied by the State or a unit of the State government for a State purpose at an annual rent that exceeds 15% of the fair market value of the leased premises on the date of the lease.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf&section=12-205&enactments=falseFetched: 10/17/2026

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