Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 21. State Procurement Regulations |
Subtitle 07. CONTRACT TERMS AND CONDITIONS |
Chapter 21.07.03. Mandatory Terms and Conditions for Purchase Orders Over $50,000 |
Sec. 21.07.03.17. Multi-Year Contracts
Latest version.
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"If funds are not appropriated or otherwise made available to support continuation in any fiscal year succeeding the first fiscal year, this contract shall terminate automatically as of the beginning of the fiscal year for which funds are not available. The Contractor may not recover anticipatory profits or costs incurred after termination."