Md. Code, State Finance and Procurement § 17-102
Md. Code, State Finance and Procurement § 17-102
in effect(a) This subtitle does not limit the authority of a public body to require performance security in addition to, or in cases other than, those specified under §§ 17-103, 17-104, 17-106, and 17-107 of this subtitle.
(b) This subtitle applies only to security for a construction contract.
(c) (1) By ordinance, Baltimore City may provide for a program to satisfy the bonding requirements under §§ 17-103, 17-104, 17-106, and 17-107 of this subtitle with respect to any construction contract:
(i) that does not exceed $200,000; and
(ii) for which State money is not used.
(2) The program shall provide for payment security of at least 50% of the total amount payable under the contract.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf§ion=17-102&enactments=falseFetched: 10/17/2026