Chapter 01. Crediting of Income Earned on State Monies
Regulation .01 Crediting of Income Earned on Gifts.LinkCopy Citation
Unless a donor provides otherwise, the Treasurer shall credit to the donee unit of State government income resulting from the holding or investment of a gift to the unit.
Regulation .02 Crediting of Income Earned on Funds of Certain Educational Institutions.LinkCopy Citation
Interest or income from the investment by the State Treasurer of all funds of the University of Maryland System, Morgan State University, and St. Mary's College shall be credited to each institution and may not be credited to the General Fund of this State.
Regulation .03 Crediting of Income Earned on Federal Forfeiture Proceeds.LinkCopy Citation
Interest or income from the investment by the State Treasurer of all funds received under the national asset seizure program shall be credited to the appropriate police agency.
Chapter annotations
Authority: State Finance and Procurement Article, §6-226, Annotated Code of Maryland
History: Effective date: September 10, 1984 (11:18 Md. R. 1585)
History: Regulation .01 amended effective September 9, 1985 (12:18 Md. R. 1767)
History: Regulation .02 adopted effective September 9, 1985 (12:18 Md. R. 1767)
History: Regulation .02 amended effective October 30, 1989 (16:21 Md. R. 2263)
History: Regulation .03 adopted effective February 27, 1995 (22:4 Md. R. 237)