Ch. 335

LAWS OF MARYLAND

(b) There shall be a Chief Investment Officer who
shall be the head of the Investment Division of the State
Retirement Agency. The Chief Investment Officer shall be
appointed by the Board of Trustees on recommendation of the
Executive Director.

(C) ON A QUARTERLY BASIS, THE INVESTMENT DIVISION
SHALL COMPILE AND SUBMIT TO THE BOARD OF TRUSTEES A REPORT ON
COMMISSIONS PAID ON INVESTMENTS. THE REPORT SHALL DETAIL:

(I)  THE RECIPIENTS OF COMMISSIONS PAID BY THE
STATE RETIREMENT AGENCY;

(II)  THE DOLLAR AMOUNT OF COMMISSION BUSINESS
PERFORMED BY EACH RECIPIENT;

(III)  THE AVERAGE PRICE-PER-SHARE CHARGED BY
EACH RECIPIENT, OR WHEN THE COMMISSION IS PAID ON A NET BASIS,
THE MARKUP OR MARKDOWN USED BY THE RECIPIENT; AND

(IV)  A REASONABLE HISTORY OF COMMISSION
ALLOCATIONS.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1989.

Approved May 19, 1989.

CHAPTER 335

(Senate Bill 451)

AN ACT concerning

Charles County - Commissioners -
Surplus Property Disposal --Housing

FOR the purpose of authorizing the Charles County Commissioners
to sell certain surplus school property under certain
circumstances; authorizing the private sale of surplus real
or personal county property under certain circumstances;
authorizing the Charles County Commissioners to transfer
surplus county property to certain nonprofit corporations
for use in the production of housing for certain persons
under certain conditions; authorizing the Commissioners to
sell or donate surplus school property to certain persons
entities for use in the production of housing for certain
persons under certain conditions; clarifying language; and
generally relating to the disposal of surplus county

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