# § 5-2 Local government investment policy.

Current through 2026-07-17. Source: City of Balt., Md., Ord. 26-129. Published by the Baltimore City Department of Legislative Reference.

## § 5-2 Local government investment policy.

Balt., Md., Code art. 5, § 5-2 (2026)

(a) The Mayor and City Council of Baltimore shall be governed by a local government investment policy that is consistent with and complies with the local government investment guidelines adopted in under State Code <cite data-path="|95|§22F">Article 95, § 22F</cite>.

(b) The Board of Finance shall adopt and implement the local government investment policy for Baltimore City.

(c) Any amendments to the City’s local government investment policy:

  (1) shall be consistent with the local government investment guidelines; and

  (2) shall be submitted to the State Treasurer in accordance with State Code <cite data-path="|95|§22F">Article 95, § 22F</cite>.

(d) Consistent with the requirements of this section, the Board of Finance shall amend the City’s local government investment policy to be consistent with Subtitle 29 {“Commercial Non-Discrimination Policy”} of <cite data-path="|5">this article</cite> and to ensure that no City funds are invested in or through business entities that are in violation of the City’s Commercial Non-Discrimination Policy.

*History: Ord. 95-611*

*History: Ord. 06-186*