Maryland Statutes
§ 6-223
Maryland § 6-223
This text of Maryland § 6-223 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., State Finance and Procurement § 6-223 (2026).
Text
(a)Except as otherwise prohibited by law, the Treasurer may invest or reinvest, in a deposit with a financial institution in the State, unexpended or surplus money over which the Treasurer has custody if:
(1)the deposit is interest bearing; and
(2)as provided for a depositary for State money:
(i)the financial institution provides collateral that has a market value that equals or exceeds the amount by which a deposit exceeds the deposit insurance; and
(ii)a custodian holds the collateral.
(b)The Treasurer may sell, redeem, or exchange an investment or reinvestment made under this section.
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Bluebook (online)
Maryland § 6-223, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gsf/6-223.