Md. Code Regs. 25.03.04.02

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

Section 25.03.04.02 - [Effective until 10/22/2024] Definitions

A. In this chapter, the following terms have the meanings indicated.

B. Terms Defined.

(1) "Financial officer" means:

(a) With respect to the State, the State's Chief Investment Officer and any other person authorized by the State Treasurer to invest unexpended or surplus money over which the State Treasurer has custody; and

(b) With respect to a local government unit, the State Treasurer or other financial officer of a local government unit who is responsible for the investment of public money.

(2) "Local government unit" means a county, a municipality, a community college, the Washington Suburban Sanitary Commission, a public corporation authorized to issue debt, and an authority of the State authorized to issue debt.

(3) "Public money":

(a) With respect to the State, means unexpended or surplus money over which the State Treasurer has custody; and

(b) With respect to a local government unit, has the meaning stated in Local Government Article, § 17-201, Annotated Code of Maryland.

(4) "State Treasurer" means the Treasurer of Maryland.

Md. Code Regs. 25.03.04.02

Regulation .02 adopted effective 51:11 Md. R. 577, effective 4/25/2024, exp. 10/22/2024 (Emergency).