Ch. 403                                    2003 LAWS OF MARYLAND

(13) other provisions that the Board considers necessary or appropriate to
encourage participation by minority business enterprises and to protect the integrity
of the procurement process.

14-303.

(a) (1) (I) In accordance with Title 10, Subtitle 1 of the State Government
Article, the Board shall adopt regulations consistent with the purposes of this Division
II to carry out the requirements of this subtitle.

(II) THE BOARD SHALL KEEP A RECORD OF THE NUMBER OF
WAIVERS REQUESTED AND THE NUMBER OF WAIVERS GRANTED EACH YEAR UNDER
SUBSECTION (B)(8) OF THIS SECTION AND SUBMIT A COPY OF THE RECORD TO THE
GENERAL ASSEMBLY ON OR BEFORE OCTOBER 1 OF EACH YEAR IN ACCORDANCE
WITH § 2-1246 OF THE STATE GOVERNMENT ARTICLE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 2003. It shall remain effective until the expiration of Title 14,
Subtitle 3 of the State Finance and Procurement Article, as enacted by Section 1 of
Chapter 339 of the Acts of the General Assembly of 2001.

Approved May 22, 2003.

CHAPTER 403
(Senate Bill 721)

AN ACT concerning

State Retirement and Pension System - Board of Trustees

FOR the purpose of removing certain ox officio trustees from the Board of Trustees for
the State Retirement and Pension System over a certain period of time;
eliminating the election process of any trustee on the Board of Trustees for the
State Retirement and Pension System; requiring the Governor to appoint
certain trustees to the Board of Trustees for the State Retirement and Pension
System; authorizing certain employee and retiree organizations to submit lists
of certain names to the Governor for appointment to the Board of Trustees for
the State Retirement and Pension System; adding additional trustees to the
Board of Trustees for the State Retirement and Pension System who meet
certain criteria; providing that certain trustees may continue to serve on the
Board of Trustees for the State Retirement and Pension System if they retire
within a certain period of time, while serving on the Board of Trustees; requiring
the trustees to attend a certain percentage of meetings during a certain period of
time with certain exceptions; requiring the Governor to remove certain trustees
who do not attend a certain percentage of meetings during a certain period of
time and to fill any vacancies that result from that removal in a certain manner;
clarifying the responsibilities of the trustees; requiring the trustees to complete
a certain amount of fiduciary and investment training, including training on

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