Md. Code, State Finance and Procurement § 6-205
This is the official text of Md. Code, State Finance and Procurement § 6-205, part of Maryland’s Code, State Finance and Procurement — governs the state budget and government contracting.
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§6–205.
Official statutory text
(a) Subject to the limitations in this subtitle and in any other law, the Treasurer may designate any financial institution as a depositary for State money.
(b) The Treasurer may designate foreign banks and similar institutions as depositaries for the purpose of conducting State government activities outside the United States. The deposits in such institutions may not exceed the amount appropriated in the budget for conducting State government activities outside the United States.
(b) The Treasurer may designate foreign banks and similar institutions as depositaries for the purpose of conducting State government activities outside the United States. The deposits in such institutions may not exceed the amount appropriated in the budget for conducting State government activities outside the United States.
Status: in_force · Read it on the official government site
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