# COMAR Title 25 — Office of the State Treasurer

## Subtitle 03 — Treasury Management

### Chapter 03 — Local Government Investment Guidelines and Reporting Requirements

#### Regulation .06 Check by State Treasurer of Local Government Investment Policy.

*COMAR 25.03.03.06*

A. Upon receipt, the State Treasurer shall have each adopted policy checked for compliance with this chapter and COMAR 25.03.04, and shall either:

  (1) Notify the governing body of the local government unit that its adopted policy has been accepted; or

  (2) Return the adopted policy to the governing body of the local government unit for revision and readoption.

B. An adopted policy returned by the State Treasurer shall be:

  (1) Revised promptly;

  (2) Readopted by the governing body of the local government unit in accordance with Regulation .05A of this chapter; and

  (3) Resubmitted to the State Treasurer in accordance with Regulation .05B of this chapter.