2013 Maryland Code
STATE FINANCE AND PROCUREMENT
§ 17-304 - Price of American steel products


MD State Fin & Pro Code § 17-304 (2013) What's This?

§17-304.

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.

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