§ 15-105. Interest not payable

Latest version.

   A unit is not liable under § 15-104 of this subtitle for interest:

   (1) unless within 30 days after the date on the State's check for the amount on which the interest accrued, the contractor submits an invoice for the interest;

   (2) if a contract claim has been filed under Subtitle 2 of this title;

   (3) accruing more than 1 year after the 31st day after the unit receives an invoice; or

   (4) on an amount that represents unpaid interest.

HISTORY: SF § 11-132, 11-135; 1988, ch. 48, § 2; 1996, ch. 682.

                    
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