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Current as of January 01, 2025 | Updated by Findlaw Staff
(a) This section does not apply to a lease entered into on or before May 31, 1967, unless the lease is renewed after that date.
(b) An appropriation may not be obligated or spent for the lease of a building or part of a building to be occupied by the State or a unit of the State government for a State purpose at an annual rent that exceeds 15% of the fair market value of the leased premises on the date of the lease.
Cite this article: FindLaw.com - Maryland Code, State Finance and Procurement § 12-205 - last updated January 01, 2025 | https://codes.findlaw.com/md/state-finance-and-procurement/md-code-state-fin-and-proc-sect-12-205/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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