Maryland Statutes
Division IV - Local Finance
Title 17 - Investment by Local Government

Subtitle 1 - In General

Section 17-101 - Investment or Deposit of Surplus Money by Counties, Municipalities, and Other Entities - (a) In this section, “State financial institution” means an institution...

Section 17-102 - Postemployment Benefits Funds - (a) In this section, “other postemployment benefits” means: (1) postemployment...

Section 17-103 - Charter Counties and Baltimore City - (a) This section applies to bond sale proceeds and other...

Section 17-104 - Investment in Open-End and Closed-End Investment Companies and Trusts - (a) This section applies to the following governmental entities: (1)...

Subtitle 2 - Local Government Investment Guidelines

Section 17-201 - Definitions - (a) In this subtitle the following words have the meanings...

Section 17-202 - Conflict With Other Laws - To the extent of any conflict, this subtitle and the...

Section 17-203 - Scope of Subtitle - This subtitle applies to the following governmental entities: (1) each...

Section 17-204 - Adoption and Requirements - (a) After consulting with the governmental entities, the State Treasurer...

Section 17-205 - Local Investment Policy - (a) The governing authority of each governmental entity shall adopt...

Section 17-206 - Restriction on Investments - A financial officer may not invest public money of a...

Section 17-207 - Local Debt Policy - (a) (1) Each governmental entity shall adopt by resolution, motion,...

Section 17-208 - Enforcement - (a) The State Treasurer shall contact the governmental entity to...

Subtitle 3 - Investment Pools

Part I - Local Government Investment Pool

Section 17-301 - Definitions - (a) In this part the following words have the meanings...

Section 17-302 - Established - There is a Local Government Investment Pool.

Section 17-303 - Composition - The Pool consists of: (1) money of authorized participants that...

Section 17-304 - Administration - (a) The State Treasurer shall administer the Pool on behalf...

Section 17-305 - Investments - (a) The State Treasurer shall establish investment policies for the...

Section 17-306 - Employment of Fiscal Agent - (a) The State Treasurer may: (1) contract with a qualified...

Section 17-307 - Status of Money in Pool - Except for State money, money deposited in the Pool is...

Section 17-308 - Procedures for Participation - (a) The governing authority of an authorized participant may direct...

Section 17-309 - Participant Accounts - (a) The State Treasurer shall maintain a separate account designated...

Part II - Montgomery County Investment Pool

Section 17-312 - Established - There is a Montgomery County Investment Pool.

Section 17-313 - Composition - (a) The Montgomery County Investment Pool consists of money deposited...

Section 17-314 - Administration and Management - The Montgomery County Investment Pool shall be: (1) administered by...