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Maryland Code, State Finance and Procurement § 10A-402

Current as of January 01, 2025 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - Maryland Code, State Finance and Procurement § 10A-402 - last updated January 01, 2025 | https://codes.findlaw.com/md/state-finance-and-procurement/md-code-state-fin-and-proc-sect-10a-402/

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