ROBERT L. EHRLICH, JR., Governor                             Ch. 430

(1) use the assets of the several systems for the fiduciary's own interest
or account;

(2)     act in a transaction involving the several systems on behalf of a
person, or represent a person, if the interests of the person arc adverse to the
interests of the several systems or the interests of participants;

(3)     receive any consideration for the fiduciary's own account from a
person dealing with the several systems in connection with a transaction involving
the assets of the several systems; or

(4)     become an endorser or surety or, in any manner, an obligor, for money
lent to or borrowed from the Board of Trustees.

(B) (1) IN THIS SUBSECTION, "CANDIDATE", "CONTRIBUTION", AND
"POLITICAL COMMITTEE" HAVE THE MEANINGS STATED IN § 1-101 OF THE ELECTION
LAW ARTICLE.

(2) THE RESTRICTIONS IN THIS SUBSECTION APPLY:

(I) FROM THE DATE AN INDIVIDUAL BECOMES A MEMBER OF THE
BOARD OF TRUSTEES UNTIL THE DAY FOLLOWING THE DATE THE INDIVIDUAL
CEASES TO BE A BOARD MEMBER; AND

(II) FROM THE DATE THE BOARD OF TRUSTEES DESIGNATES A
PERSON TO CARRY OUT THE RESPONSIBILITIES OF A FIDUCIARY UNTIL THE DAY
FOLLOWING THE DATE THE DESIGNATION CEASES.

(3) A MEMBER OF THE BOARD OF TRUSTEES MAY NOT ACCEPT A
POLITICAL CONTRIBUTION FROM ANY PERSON WHO HAS BEEN DESIGNATED BY THE
BOARD OF TRUSTEES TO CARRY OUT THE RESPONSIBILITIES OF A FIDUCIARY.

(4) A PERSON WHO HAS BEEN DESIGNATED BY THE BOARD OF
TRUSTEES TO CARRY OUT THE RESPONSIBILITIES OF A FIDUCIARY MAY NOT, FOR
THE BENEFIT OF ANY MEMBER OF THE BOARD OF TRUSTEES WHO IS AN ELECTED
OFFICIAL OR A CANDIDATE FOR ELECTED OFFICE, ENGAGE IN THE FOLLOWING
ACTIVITIES:

(I) SOLICITING OR TRANSMITTING A POLITICAL CONTRIBUTION
FROM ANY PERSON, INCLUDING A POLITICAL COMMITTEE;

(II) SERVING ON A FUND RAISING COMMITTEE OR A POLITICAL
COMMITTEE;

(III) ACTING AS A TREASURER FOR A CANDIDATE OR OFFICIAL OR
AS TREASURER OR CHAIRMAN OF A POLITICAL COMMITTEE;

(IV) ORGANIZING OR ESTABLISHING A POLITICAL COMMITTEE FOR
THE PURPOSE OF SOLICITING OR TRANSMITTING CONTRIBUTIONS FROM ANY
PERSON; OR

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