HARRY HUGHES, Governor

771

(I)  MONEY; OR

(II)  A SECURITY IN WHICH THE TREASURER MAY
INVEST UNDER § 6-222 OR § 6-223 OF THIS ARTICLE.

REVISOR'S NOTE: This section is new language derived
without substantive change from former Art. 95, § 22H.

In subsection (c) of this section, the reference to
"the securities on loan" is substituted for the former
reference to the "securities described in subsection
(a) of [former Art. 95, § 22H]", for clarity.

In subsection (d)(2)(ii) of this section, the
reference to a security "in which the Treasurer may
invest under § 6-222 or § 6-223 of this article" is
substituted for the former reference to "securities,
acceptable as investments under § 22 of [Art. 95]".
Until July 1, 1981, Art. 95, § 22 of the Code applied
to investments of the State Treasurer and of financial
officers of political subdivisions. However, Ch. 604,
Acts of 1981, deleted from Art. 95, § 22, the
references to the State Treasurer and the State Roads
Commission and, for the Treasurer, enacted
substantially similar provisions codified in former
Art. 95, § 22F. The substituted language refers to
revised provisions based on former Art. 95, § 22F(a).

Since former Art. 95, § 22F(b) related to interest on
the investments, a cross-reference to the provisions
derived from that former subsection is not included.

2-604. DUPLICATE CERTIFICATES OF STOCK.

(A)  AUTHORITY TO OBTAIN.

WHENEVER A CERTIFICATE OF STOCK THAT THE STATE OWNS AND
HOLDS HAS BEEN LOST OR MISPLACED, THE TREASURER, AT THE DIRECTION
OF THE BOARD OF PUBLIC WORKS, MAY OBTAIN A DUPLICATE CERTIFICATE.

(B)  INDEMNITY.

THE STATE SHALL INDEMNIFY THE CORPORATION THAT ISSUES THE
DUPLICATE CERTIFICATE.

REVISOR'S NOTE: This section is new language derived
without substantive change from the first and second
sentences of former Art. 95, § 20.

TITLE 3. BUDGET AND FISCAL PLANNING.

SUBTITLE 1. DEFINITIONS.

3-101. DEFINITIONS.