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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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LOCAL GOVERNMENT |
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DIVISION IV. LOCAL FINANCE |
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TITLE 17. INVESTMENT BY LOCAL GOVERNMENT |
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SUBTITLE 2. LOCAL GOVERNMENT INVESTMENT GUIDELINES |
§ 17-208. Enforcement
Latest version.
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(a) In general. -- The State Treasurer shall contact the governmental entity to seek compliance if a governmental entity does not maintain a local investment policy or local debt policy as required by this subtitle.
(b) Reports required. -- On request of the State Treasurer, a financial officer shall provide to the State Treasurer, in the format and time frame requested:
(1) a report of the investment portfolio of the governmental entity; or
(2) a report of the debt portfolio of the governmental entity in the format required under § 16-103 of this article.
(c) Notice to Joint Committee on the Management of Public Funds. -- If, after being contacted by the State Treasurer, a governmental entity does not comply with this section, the State Treasurer shall notify the Joint Committee on the Management of Public Funds in writing.
(d) Action by Attorney General. -- The Joint Committee on the Management of Public Funds may request the Attorney General to seek judicial enforcement of this subtitle against the governmental entity.