Md. Code, State Fin. & Proc. § 10A-402

Current with changes from the 2024 Legislative Session effective on or before 7/1/2024, from Chs.. 2 through 1049
Section 10A-402 - Term; waiver of term limit
(a) Except as provided in subsection (b) of this section, a public-private partnership agreement may not exceed 50 years, including all renewals and extensions.
(b) The Board of Public Works may:
(1) waive the prohibition set forth in subsection (a) of this section if the Board determines that the reporting agency has demonstrated sufficient reason for the agreement to have a longer term; and
(2) waive the prohibition set forth in subsection (a) of this section at any point during the presolicitation, proposal review, or agreement negotiations process.

Md. Code, SF § 10A-402

Added by 2013 Md. Laws, Ch. 5,Sec. 1, eff. 7/1/2013.