Unannotated Code of Maryland (Last Updated: May 16, 2014) |
STATE FINANCE AND PROCUREMENT |
DIVISION I. STATE FINANCE |
TITLE 10. BOARD OF PUBLIC WORKS -- MISCELLANEOUS PROVISIONS |
SUBTITLE 3. SALE AND TRANSFER OF PROPERTY |
§ 10-308. Leases of State-owned property to business entities
Latest version.
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(a) "Minority business enterprise" defined. -- In this section, "minority business enterprise" has the meaning stated in Title 14, Subtitle 3 of this article.
(b) Minority business enterprise regulations and goals. -- Each unit of the State government that leases State-owned property to business entities shall adopt regulations that establish procedures for awarding the leases. The procedures shall be structured to try to achieve participation by minority business enterprises in:
(1) 10% of the total dollar amount of the leases; and
(2) 10% of the total number of leases.