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Ch. 101 2006 LAWS OF MARYLAND
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Insurance
1-203.
(a) (1) In this section the following words have the meanings indicated.
(2) "Certificate of guarantee" means an instrument that is issued:
(i) by a nonprofit association of contractors, or its wholly owned
subsidiary that is approved to operate by Calvert County, Charles County, Prince
George's County, Montgomery County, [or] St. Mary's County, OR WASHINGTON
COUNTY, as appropriate; and
(ii) on behalf of a contractor for the purpose of satisfying:
1. county bond requirements for public improvements; or
2. other county bond requirements.
(3) "Contractor" means a person that, for a fixed price, commission, fee,
or percentage, undertakes to bid on or accepts or offers to accept orders or contracts to
perform or supervise the construction, improvement, or maintenance of a building,
structure, or road.
(b) This article does not apply to a certificate of guarantee.
(c) Calvert County, Charles County, Montgomery County, Prince George's
County, [and] St. Mary's County, AND WASHINGTON COUNTY:
(1) may honor certificates of guarantee; but
(2) are not required under this article to honor certificates of guarantee.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2006.
Approved April 11, 2006.
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CHAPTER 101
(House Bill 734)
AN ACT concerning
Community Based Regional Initiatives Loan of 2004 - Washington County -
Cumberland Valley Technology Center
FOR the purpose of amending the Community Based Regional Initiatives Loan of
2004 to alter the location of the Cumberland Valley Technology Center project;
repealing a requirement that the grantee grant and convey a certain historical
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