Md. Code Regs. 25.03.03.06

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

Section 25.03.03.06 - [Effective until 10/22/2024] Check by State Treasurer of Local Government Investment Policy

A. Upon receipt, the State Treasurer shall have each adopted policy checked for compliance with this chapter and COMAR 25.03.04, and shall either:

(1) Notify the governing body of the local government unit that its adopted policy has been accepted; or

(2) Return the adopted policy to the governing body of the local government unit for revision and readoption.

B. An adopted policy returned by the State Treasurer shall be:

(1) Revised promptly;

(2) Readopted by the governing body of the local government unit in accordance with Regulation .05A of this chapter; and

(3) Resubmitted to the State Treasurer in accordance with Regulation .05B of this chapter.

Md. Code Regs. 25.03.03.06

Regulations .06 adopted as an emergency provision effective August 1, 1995 (22:17 Md. R. 1310); emergency status expired February 1, 1996
Regulations .06 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).