Ch. 612                                          LAWS OF MARYLAND

(2) THE REPORT SHALL INCLUDE A DETAILED REVIEW OF:

(I) THE AMOUNT AND DURATION OF EACH INVESTMENT;

(II) THE NET INTEREST OR NET INCOME EARNED ON
THE INVESTMENT;

(III)  ANY MANAGEMENT FEE OR OTHER FEES OR

EXPENSES PAID DIRECTLY BY THE LOCAL GOVERNMENT ENTITY IN

CONNECTION WITH THE INVESTMENT; AND

(IV)  A COMPARISON BETWEEN THE INVESTMENT AND A
COMPARABLE INVESTMENT IN THE LOCAL GOVERNMENT INVESTMENT POOL
ESTABLISHED UNDER § 22G OF THIS ARTICLE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988.

Approved May 27, 1988.

CHAPTER 612

(Senate Bill 711)

AN ACT concerning

Lawful Investments - State Treasurer

FOR the purpose of adding to the list of investments that may be
lawfully made by the State Treasurer; adding to the list of
collateral that may be used for deposits of State moneys to
include an obligation or security or other interest in
certain management investment companies or investment trusts
registered under the provisions of the federal Investment
Company Act of 1940, under certain conditions; requiring the
State Treasurer to submit certain annual reports to the
General Assembly on certain investments; and generally
relating to investments by the State Treasurer.

BY repealing and reenacting, with amendments,

Article - State Finance and Procurement

Section 6-202 and 6-222

Annotated Code of Maryland

(1985 Volume and 1987 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

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