<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".06" citation="COMAR 25.03.03.06" title_num="25" subtitle_num="03" chapter_num="03" heading="Check by State Treasurer of Local Government Investment Policy.">
  <paragraph num="A.">
    <text>Upon receipt, the State Treasurer shall have each adopted policy checked for compliance with this chapter and COMAR 25.03.04, and shall either:</text>
    <paragraph num="(1)">
      <text>Notify the governing body of the local government unit that its adopted policy has been accepted; or</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Return the adopted policy to the governing body of the local government unit for revision and readoption.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>An adopted policy returned by the State Treasurer shall be:</text>
    <paragraph num="(1)">
      <text>Revised promptly;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Readopted by the governing body of the local government unit in accordance with Regulation .05A of this chapter; and</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Resubmitted to the State Treasurer in accordance with Regulation .05B of this chapter.</text>
    </paragraph>
  </paragraph>
</regulation>