Regulation .06 Exception for Emergencies and Catastrophic Events.
Regulation .06 Exception for Emergencies and Catastrophic Events.LinkCopy Citation
The State Treasurer may make investment decisions inconsistent with this chapter if:
A.
Either:
(1)
The Governor of the State of Maryland has declared a state of emergency in accordance with Public Safety Article, §14-107, Annotated Code of Maryland; or
(2)
A catastrophic event occurs that the State Treasurer determines could dramatically shift credit ratings on any of the assets in the portfolio; and
B.
The State Treasurer determines the investment decisions are in the best interest of the State.