# COMAR Title 25 — Office of the State Treasurer

## Subtitle 03 — Treasury Management

### Chapter 04 — Policy Regarding the Investment of Public Money by the State of Maryland

#### Regulation .06 Exception for Emergencies and Catastrophic Events.

*COMAR 25.03.04.06*

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.