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Session Laws, 2007
Volume 803, Page 853   View pdf image
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Martin O'Malley, Governor Ch. 42
(IV) PROVIDE THAT MONEYS NOT INVESTED IN EQUITIES
SHALL BE INVESTED IN ACCORDANCE WITH ARTICLE 95, § 22 OF THE CODE;
AND (V) PROHIBIT BORROWING OF FUNDS FOR THE EXPRESS
PURPOSE OF INVESTING THOSE FUNDS. (b) (1) Subject to paragraph (2) of this subsection, a governmental self-
insurance group may be formed by any combination of: (i) counties; (ii) municipal corporations; (iii) boards of education; and (iv) community colleges. (2) A board of education or a community college may not participate in
a governmental self-insurance group unless its participation is approved by its county
governing body. (c) Subject to the approval of the Commission, a county that participates in a
governmental self-insurance group may include in the coverage: (1) any unit created or funded by the county; and (2) regardless of funding: (i) the board of education of the county; (ii) a community college in the county; (iii) a regional community college in the county; (iv) a housing agency of the county created under Division II of
the Housing and Community Development Article; (v) a municipal corporation in the county; (vi) a multicounty unit that operates in the county; or (vii) a revenue authority in the county created by the State.
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Session Laws, 2007
Volume 803, Page 853   View pdf image
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