Public Disclosure of Persons Whose Business With the State Exceeds $200,000 - Maryland

Public Disclosure of Persons Whose Business With the State Exceeds $200,000 is a legal document that was released by the Maryland Secretary of State - a government authority operating within Maryland.

FAQ

Q: What is the Public Disclosure of Persons Whose Business With the State Exceeds $200,000?
A: It is a Maryland law that requires the public disclosure of individuals or businesses whose business with the state government exceeds $200,000.

Q: What is the purpose of this law?
A: The purpose is to promote transparency and prevent conflicts of interest in government contracting.

Q: Who is required to disclose their business with the state?
A: Individuals or businesses that have contracts, leases, or other business transactions with the state government exceeding $200,000 are required to disclose.

Q: What information is disclosed?
A: The law requires the disclosure of the individual or business name, the amount of the contract or business transaction, and a description of the goods or services provided.

Q: Are there any exemptions to the disclosure requirement?
A: Yes, certain types of contracts and transactions are exempt from the disclosure requirement, such as contracts related to public health emergencies or certain legal services.

Q: What are the penalties for non-compliance?
A: Failure to disclose business with the state as required by this law may result in fines or other penalties.

Q: Is this law specific to Maryland?
A: Yes, this law applies specifically to the state of Maryland and its government contracting.

Q: Is there a similar law in other states?
A: Some other states have similar laws that require disclosure of business transactions with the state government, but the specifics may vary.