The governing body of each local government unit shall adopt by resolution a written investment policy that: Complies with State and local law, including: State Finance and Procurement Article, §6-222, Annotated Code of Maryland; Local Government Article, §17-201 et seq., Annotated Code of Maryland; and COMAR 25.03.04; and Meets or exceeds standards published by nationally recognized financial management organizations recognized by the State Treasurer. The State Treasurer recognizes the standards published by the following nationally recognized financial management organizations: GFOA; and Association of Public Treasurers of the United States and Canada. The board of education and the board of library trustees of a county need not adopt a written investment policy but shall invest in compliance with the accepted policy of the county.