Md. Code Regs. 25.03.04.06

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

Section 25.03.04.06 - Exception for Emergencies and Catastrophic Events

The State Treasurer may make investment decisions inconsistent with this chapter if:

A. Either:

(1) The Governor of the State of Maryland has declared a state of emergency in accordance with Public Safety Article, § 14-107, Annotated Code of Maryland; or

(2) A catastrophic event occurs that the State Treasurer determines could dramatically shift credit ratings on any of the assets in the portfolio; and

B. The State Treasurer determines the investment decisions are in the best interest of the State.

Md. Code Regs. 25.03.04.06

Regulation .06 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.