Maryland State Finance and Procurement Section 17-105

Article - State Finance and Procurement

§ 17-105.

      (a)      Security under this subtitle:

            (1)      if required by the State or a unit of the State government, shall be payable to "the State of Maryland"; or

            (2)      if required by any other public body, shall be payable to that public body.

      (b)      The form of payment security or performance security shall be approved:

            (1)      for the State or a unit of the State government, by the Attorney General; and

            (2)      for any other public body, by its attorney.

      (c)      The contractor shall file the security or evidence of a trust account established as security:

            (1)      if payable to the State under this section, in the Office of the Comptroller; or

            (2)      if payable to any other public body, in the appropriate office of that public body.



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