<?xml version='1.0' encoding='utf-8'?>
<baltimore-city-law heading="§ 5-2 Local government investment policy.">
  <section prefix="§" num="5-2" heading="Local government investment policy.">
    <para num="(a)" heading="State guidelines adopted.">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 &lt;cite data-path="|95|§22F"&gt;Article 95, § 22F&lt;/cite&gt;.</para>
    <para num="(b)" heading="Board of Finance to adopt and implement policy.">The Board of Finance shall adopt and implement the local government investment policy for Baltimore City.</para>
    <para num="(c)" heading="Amendments.">Any amendments to the City’s local government investment policy:<para num="(1)">shall be consistent with the local government investment guidelines; and</para>
      <para num="(2)">shall be submitted to the State Treasurer in accordance with State Code &lt;cite data-path="|95|§22F"&gt;Article 95, § 22F&lt;/cite&gt;.</para>
    </para>
    <para num="(d)" heading="Commercial non-discrimination.">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 &lt;cite data-path="|5"&gt;this article&lt;/cite&gt; 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.</para>
    <annotation type="Prior Codifications">City Code, 1976/83, art. 5, §22</annotation>
    <annotation type="History">Ord. 95-611</annotation>
    <annotation type="History">Ord. 06-186</annotation>
  </section>
</baltimore-city-law>
