Articles / Information / News

 

To All MDGFOA Members: 

Attached for your review and use is a suggested letter to our Maryland senators and representatives.  (Out-of-state members are encouraged to send this letter to your respective senators and representatives as well.)

 There is current federal legislation that requires 3% withholding on certain payments to contractors.  This legislation is set to be effective on January 1, 2012.  Your MDGFOA Board of Directors (and GFOA) opposes this legislation.  As the attached letter indicates, we feel this legislation will cause increased administrative costs and increased costs for services which now, more than ever before, make no sense.

 It has been law for a number of years and we (and others) have been successful in getting the implementation periodically delayed.  We are now encouraging our legislators to abolish the legislation altogether.

 If you agree with the MDGFOA Board of Directors, please use this letter.  Feel free to personalize it to your own situation.  Do not hesitate to forward it to your Purchasing Departments, county commissioners, county executives and county councils for their use as well.

 Thank you for your serious consideration of this action.

 Sincerely, 

MDGFOA Board of Directors

---

Debt Policies and Other Financial Information Required by the State from Governmental Units