Ch. 544                                        1994 LAWS OF MARYLAND

Article - State Finance and Procurement

10-305.                                                                                                           

(d) (1) [Any redemption of a ground rent, release or assignment of a mortgage,
or satisfaction or assignment of a note, titled or held in the name of the State for the use
of the Board of Trustees of the Maryland State Retirement and Pension Systems] ON
THE SALE, LEASE, TRANSFER, EXCHANGE, OR OTHER DISPOSITION OF ANY REAL OR
PERSONAL PROPERTY OWNED OR CONTROLLED BY THE STATE RETIREMENT AND
PENSION SYSTEM OR THE STATE OF MARYLAND FOR THE USE OF THE BOARD OF
TRUSTEES OF THE STATE RETIREMENT AND PENSION SYSTEM, ANY CONVEYANCING
DOCUMENT shall be executed in the manner provided [by the laws governing the
applicable retirement system] IN DIVISION II OF THE STATE PERSONNEL AND
PENSIONS ARTICLE.

(2) ANY SALE, LEASE, TRANSFER, EXCHANGE OR OTHER DISPOSITION
OF ANY REAL OR PERSONAL PROPERTY OWNED OR CONTROLLED BY THE STATE
RETIREMENT AND PENSION SYSTEM OR THE STATE OF MARYLAND FOR THE USE OF
THE BOARD OF TRUSTEES OF THE STATE RETIREMENT AND PENSION SYSTEM BY A
CONVEYANCING DOCUMENT EXECUTED BY OR FOR THE BOARD OF TRUSTEES OF
THE STATE RETIREMENT AND PENSION SYSTEM BEFORE OCTOBER 1, 1994 IN THE
MANNER PROVIDED UNDER FORMER ARTICLE 73B IS RATIFIED AND CONFIRMED.

11-203.

(a) Except as provided in subsection (b) of this section, this Division II does not
apply to:

(1) procurement by:

[(vi) the Board of Trustees for Maryland State Retirement and Pension
Systems, for service's related to the external management of. the investment of assets of
the retirement systems;]

(D) EXCEPT AS PROVIDED IN TITLE 14, SUBTITLE 3 OF THIS ARTICLE AND
EXCEPT FOR THAT PORTION OF ANY REAL PROPERTY THAT IS OWNED AND
OCCUPIED BY THE BOARD OF TRUSTEES OF THE STATE RETIREMENT AND PENSION
SYSTEM, THIS DIVISION II DOES NOT APPLY TO THE BOARD OF TRUSTEES OF THE
STATE RETIREMENT AND PENSION SYSTEM FOR:

(1)      SERVICES OF MANAGERS TO INVEST THE ASSETS OF THE STATE
RETIREMENT AND PENSION SYSTEM, INCLUDING REAL AND PERSONAL PROPERTY;

(2)      EXPENDITURES TO MANAGE, MAINTAIN, AND ENHANCE THE VALUE
OF THE ASSETS OF THE STATE RETIREMENT AND PENSION SYSTEM IN ACCORDANCE
WITH INVESTMENT GUIDELINES ADOPTED BY THE BOARD OF TRUSTEES; AND

(3)      SERVICES RELATED TO THE ADMINISTRATION OF THE OPTIONAL
RETIREMENT PROGRAM UNDER TITLE 30 OF THE STATE PERSONNEL AND PENSIONS
ARTICLE.

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