State Investment Portfolio - Investment Thresholds - Alterations
Sponsor: Malcolm Augustine (District 47)Committee: Budget and TaxationSubject: State Government - Agencies, Offices, and OfficialsStatus: Approved by the Governor - Chapter 116 (as of Nov 9, 2023)
What this bill does
Official synopsis
Repealing the limitations on investment in certain commercial paper in which the Treasurer may invest or reinvest certain unexpended or surplus funds; requiring the Treasurer to adopt regulations to establish a State investment policy with certain thresholds; and requiring the Treasurer to notify certain officials and governing bodies of certain local governmental units about the provisions of the Act.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (9)
MGA witness listFAV 9Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Davis, Dereck | Maryland State Treasurer's Office | Oral |
| FAV | Davis, Dereck | Maryland State Treasurer's Office | Oral |
| FAV | Martin, Jonathan | Maryland State Treasurer's Office | Oral |
| FAV | Morris, Keith | Maryland State Treasurer's Office | Oral |
| FAV | Davis, Dereck | State Treasurer's Office | Written (PDF) |
| FAV | Augustine, Malcolm | Individual | Oral |
| FAV | Augustine, Malcolm | Individual | Oral |
| FAV | Senator Augustine, Senator Augustinelegislator | Individual | Oral |
| FAV | Senator Augustine, Senator Augustinelegislator | Individual | Oral |