Maryland Code, STATE FINANCE AND PROCUREMENT 3-501
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Terms Used In Maryland Code, STATE FINANCE AND PROCUREMENT 3-501
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
This subtitle does not apply to the purchase, lease, or rental of motor vehicles by the University College of the University of Maryland for use in University College overseas programs or by the Maryland Port Administration.