Ch. 305

1995 LAWS OF MARYLAND

(1)     WITH THE CARE, SKILL, PRUDENCE, AND DILIGENCE UNDER THE
CIRCUMSTANCES THEN PREVAILING THAT A PRUDENT PERSON ACTING IN A LIKE
CAPACITY AND FAMILIAR WITH SUCH MATTERS WOULD USE IN THE CONDUCT OF
AN ENTERPRISE OF A LIKE CHARACTER AND WITH LIKE AIMS;

(2)     IN A MANNER DESIGNED TO REASONABLY MATCH THE
ANTICIPATED CASH FLOW OF THE STATE SO THAT SUFFICIENT FUNDS' ARE
AVAILABLE TO PAY OBLIGATIONS UPON PROPER PRESENTATION FOR PAYMENT;

(3)     SO THAT A REASONABLE AMOUNT OF CASH OR CASH EQUIVALENTS
IS AVAILABLE FOR UNANTICIPATED CASH NEEDS;

(4)     WITH DUE REGARD FOR MINIMIZING RISK WHILE MAXIMIZING
RETURN;

(5)     USING COMPETITIVE PURCHASING PRACTICES EXCEPT WHEN
IMPRACTICAL;

(6)     IN ACCORDANCE WITH A WRITTEN INVESTMENT POLICY;

(7)      SO THAT THE SECURITIES AND COLLATERAL MAY CONTINUE TO BE
PRICED ON A MARK TO MARKET BASIS; AND

(8) TO AVOID THE ENHANCEMENT OF THE PERSONAL FINANCIAL
POSITION OF THE TREASURER OR ANY EMPLOYEE OF THE TREASURER WHO HAS
RESPONSIBILITIES FOR SUCH INVESTMENTS.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1995.

Approved May 9, 1995.

CHAPTER 305
(House Bill 927)

AN ACT concerning

Education - Baltimore County - Certificated Employee Organizations - Elementary and

Special School Nurses

FOR the purpose of altering the definition of a "public school employee" in provisions
relating to organizations of certificated employees in Baltimore County to include
elementary school and special school nurses; authorizing the public school employer
in Baltimore County to designate a separate unit comprised of elementary school
and special school nurses; altering the maximum number of collective bargaining
units in Baltimore County; providing for the application of this Act; and generally
relating to elementary school and special school nurses and organizations of
certificated employees in Baltimore County.

BY repealing and reenacting, with amendments,

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