Md. Code Regs. 25.03.04.02

Current through Register Vol. 52, No. 1, January 10, 2025

Section 25.03.04.02 - Definitions

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

B. Terms Defined.

(1) "Investment officer" means 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.

(2) "Nationally recognized statistical rating organization" means a nationally recognized statistical rating organization as designated by either the United States Securities and Exchange Commission or the Treasurer.

(3) "Public money" means unexpended or surplus money over which the State Treasurer has custody.

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

(5) "Supranational issuer" includes (without limitation):

(a) The World Bank;

(b) The International Finance Corporation;

(c) The Inter-American Development Bank;

(d) The African Development Bank; and

(e) The Asian Development Bank.

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); adopted effective 51:22 Md. R. 957-1028, eff. 11/11/2024.