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There is a Local Government Investment Pool.
Structure Maryland Statutes
Maryland Statutes
Local Government
Division IV - Local Finance
Title 17 - Investment by Local Government
Subtitle 3 - Investment Pools
Part I - Local Government Investment Pool
Section 17-301 - Definitions
Section 17-302 - Established
Section 17-303 - Composition
Section 17-304 - Administration
Section 17-305 - Investments
Section 17-306 - Employment of Fiscal Agent
Section 17-307 - Status of Money in Pool
Section 17-308 - Procedures for Participation
Section 17-309 - Participant Accounts