# COMAR Title 25 — Office of the State Treasurer

## Subtitle 03 — Treasury Management

### Chapter 01 — Crediting of Income Earned on State Monies

**Authority:** State Finance and Procurement Article, §6-226, Annotated Code of Maryland

**Administrative History:** Effective date: September 10, 1984 (11:18 Md. R. 1585)

**Administrative History:** Regulation .01 amended effective September 9, 1985 (12:18 Md. R. 1767)

**Administrative History:** Regulation .02 adopted effective September 9, 1985 (12:18 Md. R. 1767)

**Administrative History:** Regulation .02 amended effective October 30, 1989 (16:21 Md. R. 2263)

**Administrative History:** Regulation .03 adopted effective February 27, 1995 (22:4 Md. R. 237)

#### Regulation .01 Crediting of Income Earned on Gifts.

*COMAR 25.03.01.01*

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.

*COMAR 25.03.01.02*

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.

*COMAR 25.03.01.03*

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.