Md. Code Regs. 25.03.03.05

Current through Register Vol. 51, No. 12, June 14, 2024

Section 25.03.03.05 - [Effective 10/22/2024] Adoption of Local Government Investment Policy and Submission for Acceptance

A. By September 1, 1995, the governing body of each local government unit shall adopt by resolution a written local government investment policy that:

(1) Complies with the requirements of local and State law;

(2) Satisfies the requirements of Regulations .03 and .04 of this chapter; and

(3) Meets the individual needs of the local government unit.

B. Within 30 days following adoption, the governing body of each local government unit shall send a certified copy of its adopted policy and its adopting resolution to the State Treasurer for acceptance.

Md. Code Regs. 25.03.03.05

Regulations .05 adopted as an emergency provision effective August 1, 1995 (22:17 Md. R. 1310); emergency status expired February 1, 1996
Regulations .05 adopted effective February 26, 1996 (23:4 Md. R. 274); amended effective 51:11 Md. R. 577, effective 4/25/2024, exp. 10/22/2024 (Emergency).