PARRIS N. GLENDENING, Governor                            H.B. 368

(1) MAY NOT RECEIVE COMPENSATION;

(2)     IS ENTITLED TO REIMBURSEMENT FOR EXPENSES UNDER THE
STANDARD STATE TRAVEL REGULATIONS; AND

(3)     SHALL FILE A FULL AND PUBLIC DISCLOSURE OF ALL FINANCIAL
INTERESTS.

(D) THE BOARD;

(1)     SHALL APPOINT AN EXECUTIVE DIRECTOR WHO IS IN THE
UNCLASSIFIED SERVICE OF THE STATE PERSONNEL MANAGEMENT SYSTEM TO
SERVE AS THE CHIEF ADMINISTRATIVE AND OPERATIONAL OFFICER OF THE BOARD
AND TO PERFORM OTHER DUTIES ASSIGNED BY THE BOARD;

(2) MAY EMPLOY ADDITIONAL STAFF IN ACCORDANCE WITH ITS
BUDGET; AND

(3)     MAY HIRE CONSULTANTS, ADMINISTRATORS, AND OTHER
PROFESSIONALS AS NECESSARY TO IMPLEMENT, ADMINISTER, AND MAINTAIN THE
PROGRAM.
18-2106.

THE BOARD MAY;

(1) ADOPT AN OFFICIAL SEAL;

(2) ADOPT ANY REGULATION THAT THE BOARD CONSIDERS
NECESSARY TO CARRY OUT THIS SUBTITLE;

(3) SUE AND BE SUED;

(4)     EXECUTE CONTRACTS AND OTHER NECESSARY INSTRUMENTS;

(5)     HOLD, BUY, AND SELL INSTRUMENTS, OBLIGATIONS, SECURITIES,
AND OTHER INVESTMENTS CONSISTENT WITH ITS COMPREHENSIVE INVESTMENT
PLAN;

(6) ENTER INTO AGREEMENTS WITH ELIGIBLE INSTITUTIONS AND
OTHER PUBLIC OR PRIVATE ENTITIES FOR THE PROMOTION, ADMINISTRATION, OR
MARKETING OF THE PROGRAM;

(7)     INVEST FUNDS NOT REQUIRED FOR IMMEDIATE DISBURSEMENT;

(8)     SOLICIT AND ACCEPT GIFTS, GRANTS, LOANS, OR OTHER AID FROM
ANY SOURCE OR PARTICIPATE IN ANY GOVERNMENT PROGRAM FOR PURPOSES
CONSISTENT WITH THIS SUBTITLE;

(9) IMPOSE AND COLLECT REASONABLE ADMINISTRATIVE FEES FOR

ANY TRANSACTION INVOLVING ADVANCE PAYMENT CONTRACTS OR

TRANSACTIONS AFFECTING THE FUND;

(10) PROCURE INSURANCE AGAINST ANY LOSS OF ASSETS OF THE FUND;

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