Md. Code, State Finance and Procurement § 17-304
This is the official text of Md. Code, State Finance and Procurement § 17-304, part of Maryland’s Code, State Finance and Procurement — governs the state budget and government contracting.
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§17–304.
Official statutory text
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.
(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.
Status: in_force · Read it on the official government site
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