Volume 769, Page 3212 View pdf image |
Ch. 686 LAWS OF MARYLAND (IV) ANY OTHER FACTOR THAT THE AUTHORITY 13-234.5. (a) To qualify for a surety bond guaranty under §§ 13-234 (b) The principal shall satisfy the Authority that: (1) (I) The principal is of good moral character; OR (II) IF THE PRINCIPAL IS NOT AN INDIVIDUAL, THE (2) As determined from creditors, employers, and (I) THE principal has a reputation for (II) IF THE PRINCIPAL IS NOT AN INDIVIDUAL, A (3) The principal is a resident of Maryland or has
(c) The principal shall certify to the Authority and the (1) A bond is required in order to bid on a contract (2) A bond is not obtainable on reasonable terms and (3) The principal will not subcontract more than 75 - 3212 -
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Volume 769, Page 3212 View pdf image |
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