Md. Code, Local Government § 17-205
This is the official text of Md. Code, Local Government § 17-205, part of Maryland’s Code, Local Government — governs the powers and operations of Maryland counties and municipalities.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§17–205.
Official statutory text
(a) The governing authority of each governmental entity shall adopt by resolution a local investment policy that:
(1) meets the needs of the governmental entity; and
(2) is consistent with the local government investment guidelines adopted by the State Treasurer under § 17–204 of this subtitle.
(b) Promptly after the adoption of a local investment policy, the governmental entity shall mail a certified copy to the State Treasurer.
(c) If the State Treasurer determines that the local investment policy is not consistent with the local government investment guidelines adopted by the State Treasurer under § 17–204 of this subtitle:
(1) the State Treasurer shall notify the governmental entity; and
(2) the governing authority shall prepare and submit a revised local investment policy that is consistent with the local government investment guidelines.
(d) If the governing authority amends the governmental entity’s local investment policy, the governmental entity shall submit the new local investment policy to the State Treasurer in accordance with subsection (b) of this section.
(1) meets the needs of the governmental entity; and
(2) is consistent with the local government investment guidelines adopted by the State Treasurer under § 17–204 of this subtitle.
(b) Promptly after the adoption of a local investment policy, the governmental entity shall mail a certified copy to the State Treasurer.
(c) If the State Treasurer determines that the local investment policy is not consistent with the local government investment guidelines adopted by the State Treasurer under § 17–204 of this subtitle:
(1) the State Treasurer shall notify the governmental entity; and
(2) the governing authority shall prepare and submit a revised local investment policy that is consistent with the local government investment guidelines.
(d) If the governing authority amends the governmental entity’s local investment policy, the governmental entity shall submit the new local investment policy to the State Treasurer in accordance with subsection (b) of this section.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.