§ 17–201
Statutes in effect as of October 1, 2026.
Md. Code Ann., Local Gov't § 17-201 (2026)
Title 17. Investment by Local Government
Subtitle 2. Local Government Investment Guidelines
§ 17–201LinkCopy Citation
(a)
In this subtitle the following words have the meanings indicated.
(b)
“Financial officer” means the treasurer or other financial officer of a governmental entity who is responsible for the investment of public funds or the issuance and management of debt of the governmental entity.
(c)
“Governing authority” means:
(1)
for Baltimore City, the Baltimore City Board of Estimates;
(2)
for a commission county, the county commissioners;
(3)
for a charter county, as provided by local law, the county council or the county executive and the county council;
(4)
for a code county, the county commissioners;
(5)
for a community college, the board of trustees;
(6)
for a municipality, the body provided by the municipal charter;
(7)
for the Washington Suburban Sanitary Commission, the Commission;
(8)
for a public corporation, the board of directors; and
(9)
for an authority, the board of the authority.
(d)
(1)
Except as provided in paragraph (2) of this subsection, “public money” means any money held by a governmental entity.
(2)
“Public money” does not include money held as part of a pension fund, a fund for other postemployment benefits, as defined in § 17–102(a) of this title, a trust fund account, or a facility closure reserve fund or for self–insurance purposes.