WILLIAM DONALD SCHAEFER, Governor Ch. 612
Article - State Finance and Procurement
6-202.

Collateral that may be used under this subtitle shall be:

(1)  an obligation of the United States or any of its
agencies;

(2)  an obligation guaranteed by the United States or
by any of its agencies;

(3)  an obligation insured by the United States;

(4)  an obligation of the State or any of its units or
instrumentalities;

(5)  an obligation of a county of the State or any of
its agencies;

(6)  an obligation of a municipal corporation in the
State or any of its agencies;

(7)  an obligation of any other governmental authority
in the State;

(8)  an obligation of the Inter-America Development
Bank; [or]

(9)  an obligation of the World Bank; OR

(10)  AN OBLIGATION OR SECURITY OF, OR OTHER INTEREST
IN, ANY OPEN-END OR CLOSED-END MANAGEMENT TYPE INVESTMENT COMPANY
OR INVESTMENT TRUST REGISTERED UNDER THE PROVISIONS OF THE
FEDERAL INVESTMENT COMPANY ACT OF 1940, 15 U.S.C. § 80A-1 ET
SEQ., IF:

(I)  THE PORTFOLIO OF THE OPEN-END OR CLOSED-END
MANAGEMENT TYPE INVESTMENT COMPANY OR INVESTMENT TRUST IS LIMITED
TO DIRECT OBLIGATIONS OF THE UNITED STATES GOVERNMENT AND TO
REPURCHASE AGREEMENTS FULLY COLLATERALIZED BY UNITED STATES
GOVERNMENT OBLIGATIONS; AND

(II)  THE OPEN-END OR CLOSED-END MANAGEMENT TYPE
INVESTMENT COMPANY OR INVESTMENT TRUST TAKES DELIVERY OF THAT
COLLATERAL, EITHER DIRECTLY OR THROUGH AN AUTHORIZED CUSTODIAN.

6-222.

(a) The Treasurer may invest or reinvest unexpended or
surplus money over which the Treasurer has custody:

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