3172

LAWS OF MARYLAND

Ch. 506

(C) THE AGENCY MAY COMMINGLE ASSETS OF THE
SEVERAL SYSTEMS PROVIDED THAT IT SHALL AT ALL TIMES MAINTAIN
OR CAUSE TO BE MAINTAINED RECORDS FROM WHICH IT CAN BE
DETERMINED THE PERCENTAGE PARTICIPATION OF ANY PARTICULAR
SYSTEM; THE PERCENTAGE OF INCOME, GAINS, AND LOSSES
APPLICABLE TO EACH SYSTEM; AND THE TOTAL CONTRIBUTIONS AND
DISBURSEMENTS APPLICABLE TO EACH SYSTEM.

(13) NOTWITHSTANDING THE PROVISIONS OF ANY OTHER
STATUTE PRESENTLY EXISTING OR HEREINAFTER ENACTED, UNLESS
SPECIFIC REFERENCE IS MADE TO THIS SUBSECTION, THE AGENCY
SHALL KEEP ALL RECORDS, PAPERS, ANALYSES, FORECASTS,
REPORTS, NEGOTIATIONS, AND RECOMMENDATIONS CLOSED TO PUBLIC
INSPECTION UNTIL A PROPOSED PURCHASE OR PROGRAM OF PURCHASES
LEADING TO A CUMULATIVE POSITION IN A SECURITY, THE MAKING
OF A LOAN, ANY PROPOSED SALE OR PROGRAM OF SALES LEADING TO
THE ELIMINATION OF A POSITION IN A SECURITY, OR THE SALE OR
PREPAYMENT OF A LOAN ALL HAVE BEEN COMPLETED AND RELEASE OF
THE INFORMATION WOULD NOT HAVE AN ADVERSE EFFECT ON THE
NEGOTIATION OR THE MARKET PRICE OF THE SECURITY OR
SECURITIES.

Article 88B - State Police

49.

The following words and phrases as used in this
subtitle, unless a different meaning is plainly required by
the context shall have the following meanings:

(5)  "Board of trustees" shall mean the board
provided for in § [54 of this subtitle] 158 OF ARTICLE 73B
to administer the retirement system.

(6)  "Medical board" shall mean [the] A board of
physicians provided for in § [54 of this subtitle] 158 OF
ARTICLE 73B.

50.

A retirement system is hereby established and placed
under the management of the board of trustees for the
purpose of providing retirement allowances and other
benefits under the provisions of this subtitle for the
employees of the Department of Maryland State Police. The
retirement system so created shall be established as of July
first, nineteen hundred and forty-nine [and it shall be part
of the Department of Personnel]. It shall have the powers
and privileges of a corporation, and shall be known as the
"State Police Retirement System of the State of Maryland[,"
and by such name all of its business shall be transacted;
provided, however, that the board of trustees is hereby
empowered to authorize the State Treasurer to place
securities held by the board in the name of a partnership to