Md. Code, State Finance and Procurement § 10A-402
This is the official text of Md. Code, State Finance and Procurement § 10A-402, part of Maryland’s Code, State Finance and Procurement — governs the state budget and government contracting.
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§10A–402.
Official statutory text
(a) 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) 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.
(b) 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.
Status: in_force · Read it on the official government site
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