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Terms Used In Maryland Code, STATE GOVERNMENT 9-20B-08

  • Contract: A legal written agreement that becomes binding when signed.
(a) The Administration regularly shall disclose summary information regarding any contract entered into by the Administration that encumbers $100,000 or more from the Fund.

(b) For each of the contracts specified under subsection (a) of this section, the following information shall be posted on the Administration’s website on a quarterly basis:

(1) the name and business address of the parties of the contract;

(2) a summary of the goods and services to be provided under the contract; and

(3) the maximum amount of money from the Fund that may be obligated by the contract.