Regulation .02 Definitions.

“Accepted policy” means an adopted policy that has been accepted by the State Treasurer in accordance with Regulation .06 of this chapter.

“Adopted policy” means a local government investment policy which has been properly adopted by the local government unit in accordance with the requirements of local law, Regulation .05 of this chapter, and COMAR 24.03.04.

“Board of education” has the meaning stated in Education Article, §1-101(d), Annotated Code of Maryland.

“Board of library trustees” means those boards established pursuant to Education Article, Title 23, Subtitle 3, Annotated Code of Maryland.

“Community college” means a community college other than the Baltimore City Community College and a regional community college established under Education Article, Title 16, Subtitle 2, Annotated Code of Maryland.

“Financial officer” has the meaning stated in Local Government Article, §17-201, Annotated Code of Maryland.

“GFOA” means the Government Finance Officers Association of the United States and Canada.

“Governing body” has the meaning stated in Local Government Article, §1-101, Annotated Code of Maryland.

“Local government unit” means a county, a municipality, a community college, the Washington Suburban Sanitary Commission, a public corporation authorized to issue debt, and an authority of the State authorized to issue debt.

“Marked to market” means the price at which a security is trading.

“Money market mutual fund” means a mutual fund registered with the Securities and Exchange Commission under the Investment Company Act of 1940, 15 U.S.C. §80a-1 et seq., as amended, and operated in accordance with Rule 2A-7 promulgated under the Investment Company Act of 1940, 17 CFR §270.2A-7, as amended.

“Public money” has the meaning stated in COMAR 25.03.04.

“State Treasurer” means the Treasurer of Maryland.