There is a newer version of the Maryland Code
2013 Maryland Code
LAND USE
§ 18-503 - Interest on unpaid contracts.
MD Land Use Code § 18-503 (2013) What's This?
§18-503.
An amount due and payable under an authorized, written procurement contract and in accordance with law that remains unpaid for more than 45 days after the receipt date shall accrue interest:
(1) for the period that begins 31 days after the receipt date; and
(2) at the rate specified in § 11-107(a) of the Courts Article.
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