§ 18-503
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/md/land-use/18-503A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§18–503.
An amount due and payable under an authorized, written procurement contract and in accordance with law that remains unpaid for more than 45 days after the receipt date shall accrue interest:
(1)for the period that begins 31 days after the receipt date; and
(2)at the rate specified in § 11–107(a) of the Courts Article.