Code of Maryland Regulations
Title 21 - STATE PROCUREMENT REGULATIONS
Subtitle 06 - CONTRACT FORMATION AND AWARD
Chapter 21.06.09 - Invoicing, Payment, and Interest on Late Payments
Section 21.06.09.05 - Payment Period
Universal Citation: MD Code Reg 21.06.09.05
Current through Register Vol. 51, No. 6, March 22, 2024
A. Unless payment is deferred, delayed, or set-off under COMAR 21.02.07.03, payment under a procurement contract shall be made within 30 days:
(1) After the day on which the payment
becomes due under the procurement contract; or
(2) If later, after the day on which the
agency receives a proper invoice.
B. Payment will be considered to be made on the settlement date for an electronic funds transfer payment or the mailing date of the check for a check payment.
C. Payments falling due on a weekend, State holiday, or federal holiday may be made on the following business day without incurring late payment interest penalties.
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