Ch. 143

1995 LAWS OF MARYLAND

(VII) FOR THE WASHINGTON SUBURBAN SANITARY COMMISSION,
THE COMMISSION; AND

(VIII)FOR THE WASHINGTON SUBURBAN TRANSIT COMMISSION, THE
COMMISSION.

(5)      "INVESTMENT MANAGER" MEANS THE DIRECTOR OF FINANCE,
TREASURER, OR OTHER OFFICIAL OF A LOCAL GOVERNMENT UNIT WHO IS
RESPONSIBLE FOR THE INVESTMENT OF PUBLIC FUNDS OF THE LOCAL
GOVERNMENT UNIT.

(6)      "LOCAL GOVERNMENT UNIT" MEANS:

(I)       BALTIMORE CITY;

(II)     A COMMUNITY COLLEGE;

(III)   A COUNTY;

(IV)   A MUNICIPAL CORPORATION;

(V)     THE WASHINGTON SUBURBAN SANITARY COMMISSION; OR

(VI)    THE WASHINGTON SUBURBAN TRANSIT COMMISSION.

(7)      (I) "PUBLIC FUNDS" MEANS ANY REVENUE HELD BY A LOCAL
GOVERNMENT UNIT AS PART OF:

1.        A GENERAL FUND;

2.        A SPECIAL FUND;

3.        A CAPITAL IMPROVEMENT FUND;

4.        A DEBT SERVICE FUND;

5.        AN ENTERPRISE FUND;

6.        AN INTERNAL SERVICE FUND; OR

7.        EXCEPT AS OTHERWISE PROVIDED IN SUBPARAGRAPH
(II) OF THIS PARAGRAPH, ANY OTHER ACCOUNT OF THE LOCAL GOVERNMENT UNIT.

(II) "PUBLIC FUNDS" DOES NOT INCLUDE REVENUES HELD AS
PART OF A PENSION FUND OR OTHER TRUST FUND ACCOUNT.

(B)     THIS SECTION AND THE LOCAL GOVERNMENT INVESTMENT GUIDELINES
ADOPTED BY THE STATE TREASURER UNDER THIS SECTION SUPERSEDE ANY LOCAL
LAW, INCLUDING ANY CHARTER PROVISION, OR ANY OTHER PUBLIC GENERAL LAW
TO THE EXTENT OF ANY CONFLICT.

(C)     (1) (I) AFTER CONSULTING WITH LOCAL GOVERNMENT OFFICIALS,
THE STATE TREASURER SHALL ADOPT BY REGULATION LOCAL GOVERNMENT
INVESTMENT GUIDELINES TO GOVERN THE INVESTMENT OF PUBLIC FUNDS BY

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