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 25.03.03.09 - Enforcement
Universal Citation: MD Code Reg 25.03.03.09
Current through Register Vol. 51, No. 26, December 27, 2024
A. The State Treasurer shall notify a local government unit to seek compliance if the:
(1) Local government unit has not sent the State Treasurer an adopted policy in accordance with Regulation .05B of this chapter; or
(2) State Treasurer determines that the adopted policy is not an accepted policy in accordance with Regulation .06A of this chapter.
B. The State Treasurer periodically shall send a written list of the local government units which have failed to comply with this chapter to the Joint Committee on the Management of Public Funds, which may take further action in accordance with Article 95, § 22F, Annotated Code of Maryland.
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