3138

LAWS OF MARYLAND

Ch. 506

fiduciary capacity and the funding of administrative
expenses; providing for several systems, the Board of
Trustees, and several funds; establishing the Board of
Trustees, its membership, appointments and terms,
certain requirements, officers, duties, and powers;
providing for a State Retirement Agency, its staff and
expenses; providing for a State Investment Agency and
its Executive Director; providing for a State
Investment Council, its membership, officers, duties,
responsibilities, staff, and expenses; providing for
the State Treasurer to be custodian of securities with
certain exceptions; providing for investments;
providing for public inspections of certain records;
providing for the transfer of the powers and duties of
the Board of Trustees of the State Police Retirement
System; providing for fiduciary capacity and the
funding of administrative expenses; providing for the
renumbering of certain sections of the Annotated Code;
providing for continuity in office; and providing for
the continuity of rules and regulations; providing for
the transfer of real property titled in certain names;
defining certain terms; and generally relating to the
reorganization of the State retirement systems.

BY repealing and reenacting, with amendments,

Article 41 - Governor - Executive and Administrative

Departments
Section 214(b), 216(a), and 217(b)
Annotated Code of Maryland
(1978 Replacement Volume and 1981 Supplement)

BY repealing and reenacting, with amendments,

Article 73B - Pensions

Section 1(5) and (6), 2, 12, 13(1), 13A(b), 14(3),
36(e), 40(c) and (e), 55(g), 72(6), 81(5) and
(6), 82, 87, 87A(b), 88(1), 89(3), 111(7), 112,
119, 120(1), 121(2)(b), 122(3), 140(7), 141,
147, 148(1), 149(2)(b), and 150(3)

Annotated Code of Maryland

(1978 Replacement Volume and 1981 Supplement)

BY repealing

Article 73B - Pensions

Section 13(3), 46, 88(3), 120(3), and 148(3)

Annotated Code of Maryland

(1978 Replacement Volume and 1981 Supplement)

BY adding to