Md. Code, State Fin. & Proc. § 15-105

Current with changes from the 2024 Legislative Session

Section 15-105 - Interest not payable

A unit is not liable under § 15-104 of this subtitle for interest:

(1) unless within 30 days after the date on the State's check for the amount on which the interest accrued, the contractor submits an invoice for the interest;

(2) if a contract claim has been filed under Subtitle 2 of this title;

(3) accruing more than 1 year after the 31st day after the unit receives an invoice; or

(4) on an amount that represents unpaid interest.

Md. Code, SF § 15-105