Code of Maryland Regulations
Title 25 - OFFICE OF THE STATE TREASURER
Subtitle 03 - TREASURY MANAGEMENT
Chapter 25.03.03 - Local Government Investment Guidelines and Reporting Requirements
Section 25.03.03.05 - Adoption of Local Government Investment Policy and Submission for Acceptance
Universal Citation: MD Code Reg 25.03.03.05
Current through Register Vol. 51, No. 6, March 22, 2024
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.
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