2606                                         LAWS OF MARYLAND                      [Ch. 755

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That new Section 22A be and it is hereby added
to Article 95 — Treasurer, of the Annotated Code of
Maryland (1969 Replacement Volume and 1973 Supplement) to
read as follows:

Article 95 — Treasurer
22A.

NOTWITHSTANDING ANY PROVISION OF LAW TO THE CONTRARY
OR ANY LIMITATION OR RESTRICTION CONTAINED IN ANY OTHER
LAW, THE TREASURER OF BALTIMORE CITY IS AUTHORIZED AND
EMPOWERED TO INVEST, REDEEM, SELL, EXCHANGE AND REINVEST
UNEXPENDED OR SURPLUS MONEYS IN ANY FUND OR ACCOUNT OF
WHICH HE HAS CUSTODY OR CONTROL IN SECURITIES OF THE
FEDERAL FINANCING BANK, BANKERS' ACCEPTANCES, AND
NEGOTIABLE CERTIFICATES OF DEPOSITS[[, AND IN COMMERCIAL
PAPER OF CORPORATIONS HAVING THE HIGHEST RATING FOR
COMMERCIAL PAPER OF A NATIONAL RATING AGENCY]]. HOWEVER,
PRIOR TO THE EXERCISE OF THE AUTHORITY HEREBY GRANTED,
THE MAYOR AND CITY COUNCIL OF BALTIMORE OR A DESIGNATED
AGENCY THEREOF SHALL ADOPT PULES, REGULATIONS OR
GUIDELINES COVERING THE EXERCISE OF THE AUTHORITY HEREBY
GRANTED TO THE TREASURER OF BALTIMORE CITY.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1974.

Approved May 31, 1974.

CHAPTER 756
(House Bill 926)
AN ACT concerning

[[State]] Employees — Minimum Wage

FOR the purpose of providing that, after a certain date,
the State minimum wage rate shall be as set forth in
[[the Federal Fair Labor Standards Act]] the minimum
wages section of the Federal Fair Labor Standards
Act (29 U.S.C. 201-219).

BY repealing and re—enacting, with amendments,

Article 100 — Work, Labor and Employment
Section 83(1) and (2)
Annotated Code of Maryland