# State Finance and Procurement (GSF)

## Title 6. Revenues

### Subtitle 2. State Treasury

#### Section 6-203

(a) The Treasurer shall give 15% of the weight of the decision to the standards established in this section in deciding whether to:

  (1) designate a financial institution as a depositary for State money under Sec. 6-205 of this subtitle; and

  (2) make an agreement with a financial institution for a banking service under Sec. 6-229 of this subtitle.

(b)

  (1) The Treasurer shall consider whether the financial institution received a rating of "needs improvement" or "substantial noncompliance" in its most recent examination under the federal Community Reinvestment Act of 1977, P.L. Number 95-128.

  (2) If a financial institution operates in a state other than Maryland, the Treasurer shall consider Maryland-specific information that is provided within the assessment area section of the Community Reinvestment Act report.

(c)

  (1) The Treasurer shall consider whether, during the previous 5 years, a court in Maryland has found, in a final adjudication, that a financial institution has violated any antidiscrimination statute or regulation.

  (2) The Treasurer may consider whether, during the previous 5 years, a court outside Maryland has found, in a final adjudication, that a financial institution has violated any antidiscrimination statute or regulation.

  (3) The Treasurer may determine how to assess a violation under paragraph (1) or (2) of this subsection if the violation was committed by:

    (i) an affiliate of the financial institution; or

    (ii) an entity acquired by the financial institution.

(d) The Treasurer shall consider whether the financial institution has demonstrated that during the previous 5 years, the financial institution has:

  (1) successfully made loans in Maryland through State or federal lending programs designed to assist small and minority-owned businesses;

  (2) had an active outreach program to assist small and minority-owned businesses through which the financial institution has made efforts in Maryland; and

  (3) established strategic partnerships in Maryland with entities whose mission is to provide technical assistance to small and minority-owned businesses.

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Md. Code Ann., State Fin. & Proc. (as displayed at mgaleg.maryland.gov, October 16, 2026)