2013 Maryland Code
STATE FINANCE AND PROCUREMENT
§ 10A-402 - Term; waiver of term limit [Effective July 1, 2013].
(a) Term. -- 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) Waiver of term limit. -- 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.
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