§ 17-105
128 words·~1 min read·
/md/state-finance-and-procurement/17-105·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§17–105.
(a)Security under this subtitle:
(1)if required by the State or a unit of the State government, shall be payable to “the State of Maryland”; or
(2)if required by any other public body, shall be payable to that public body.
(b)The form of payment security or performance security shall be approved:
(1)for the State or a unit of the State government, by the Attorney General; and
(2)for any other public body, by its attorney.
(c)The contractor shall file the security or evidence of a trust account established as security:
(1)if payable to the State under this section, in the Office of the Comptroller; or
(2)if payable to any other public body, in the appropriate office of that public body.