Md. Code, State Fin. & Proc. § 17-304

Current with changes from the 2024 Legislative Session

Section 17-304 - Price of American steel products

The Board shall adopt regulations, in accordance with Title 10, Subtitle 1 of the State Government Article, stating that a bid or offered price of an American steel product shall be considered reasonable if it does not exceed the sum of the bid or offered price of a similar steel product of foreign origin, including duty, plus:

(1) 20% of that bid or offered price; or

(2) 30% of that bid or offered price if the steel product is produced in a "substantial labor surplus area" as defined by the United States Department of Labor.

Md. Code, SF § 17-304