§ 17-102
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§17–102.
(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.
(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.