BLAIR LEE III,

Acting Governor

1275

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 95 - Treasurer

24.

In addition to any other provisions of the Code
relating to the management of State funds, the Treasurer may
enter into agreements with banks and trust companies which
render banking services to the State for charges to be made
for the banking services which the bank or trust company
performs on behalf of the State. [These charges shall be
uniform for similar services performed by different banks
and trust companies.] In lieu of service charges the
Treasurer may place on deposit with the bank or trust
company an amount of funds that will enable the bank or
trust company to earn an amount sufficient to compensate it
for the hanking services provided the State. The Treasurer
also may place limits upon the total amount of State funds
on deposit with a bank or trust company and require that any
funds in excess of the limits be invested and the proceeds
from any investment be paid to the State.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1978.

Approved May 2, 1978.

CHAPTER 241
(Senate Bill 490)
AN ACT concerning

State Securities — Access
FOR the purpose of providing that, in certain instances, if

a deputy comptroller is accompanying the chief deputy

treasurer - or another deputy treasurer, they that

certain persons may have access to certain State

securities.

BY repealing and reenacting, with amendments,

Article 95 - Treasurer

Section 19

Annotated Code of Maryland

(1969 Replacement Volume and 1977 Supplement)