WILLIAM DONALD SCHAEFER, Governor Ch. 334
Approved May 19, 1989.

CHAPTER 334

(Senate Bill 347)

AN ACT concerning

Pensions - Investments - Reports on Commissions

FOR the purpose of requiring the Investment Division of the State
Retirement Agency to compile and submit to the Board of
Trustees of the Maryland State Retirement and Pension
Systems a quarterly report relating to commissions paid by
the Agency; requiring that the quarterly report contain
certain information; requiring that a certain annual report
of the Executive Director of the State Retirement Agency
contain certain data on commissions paid; and generally
relating to the reporting of commissions paid by the State
Retirement Agency.

BY repealing and reenacting, with amendments,

Article 73B - Pensions

Section 160(8) and (9)

Annotated Code of Maryland

(1988 Replacement Volume and 1988 Supplement)

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

Article 73B - Pensions

160.

(8)  The Executive Director shall submit a report on or
before December 15 of each year to the Board of Trustees on the
performance and operation of the State Retirement Agency during
the fiscal year concluded on the preceding June 30. The Board
may prescribe the format of the report and may require any
information as it deems appropriate. THE REPORT SHALL INCLUDE
DATA ON ALL COMMISSIONS PAID ON INVESTMENTS DURING THAT FISCAL
YEAR.

(9)  (a) There is an Investment Division within the State
Retirement Agency which is responsible for the investment of the
funds of the several systems as specified by the Board of
Trustees.

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