900

LAWS OF MARYLAND

Ch. 328

YEARS FROM THE DATE OF ISSUE AND AFTER HAVING BEEN
WARRANTED INTO THE "UNPRESENTED CHECKS FUND" SHALL BE
REISSUED AND CHARGED AGAINST THE "UNPRESENTED CHECKS
FUND" BY THE TREASURER UPON WARRANT BY THE COMPTROLLER.
ANY CHECKS PRESENTED FOR PAYMENT AFTER SEVEN YEARS FROM
THE DATE OF ISSUE SHALL NOT BE REISSUED AND SUCH CHECKS
ARE VOID.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1976.

Approved May 4, 1976.

CHAPTER 32 9
(Senate Bill 825)

AN ACT concerning

Investment of State Funds

FOR the purpose of amending the laws concerning the State
Treasurer and the investment of State funds,
authorizing their investment in obligations of
federal governmental agencies.

BY repealing and reenacting, with amendments,

Article 95 — Treasurer

Section 22

Annotated Code of Maryland

(1969 Replacement Volume and 1975 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 22 of Article 95 - Treasurer, of
the Annotated Code of Maryland (1969 Replacement Volume
and 1975 Supplement) be and it is hereby repealed and
reenacted, with amendments, to read as follows:

Article 95 — Treasurer

22.

Notwithstanding any provision of law or ordinance to
the contrary or any limitation or restriction contained
in any ether law or ordinance, the Treasurer of the
State, the county commissioners of each county of the
State, and the chief fiscal or administrative officer or
officers or governing body of each municipality, town,
body politic, public body corporate, school, road,
drainage, improvement, construction or soil conservation
district or commission in the State, including, by way of