State Investment Portfolio and Local Government Investment Guidelines - Investment Standards
What this bill does
Requiring the Treasurer to consult with governmental entities prior to proposing certain regulations; requiring the Treasurer to adopt regulations, on or before December 1, 2024, that specify asset classes in which the Treasurer may invest; requiring the Treasurer to notify governing bodies of certain governmental entities about certain updates to certain investment standards; authorizing the Treasurer to retain investments made prior to the effective date of the Act until the investments have reached their respective maturity dates; etc.
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 (10)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Davis, Dereck | Maryland State Treasurer's Office | Written (PDF) |
| FAV | President, President | Individual | Oral |
| FAV | President, President | Individual | Oral |
| FWA | Kinnally, Kevin | Maryland Association of Counties (MACo) | Oral + Written (PDF) |
| FWA | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
| FWA | Davis, Dereck | Maryland State Treasurer's Office | Oral + Written (PDF) |
| FWA | Martin, Jonathan | Maryland State Treasurer's Office | Oral |
| FWA | Morris, Keith | Maryland State Treasurer's Office | Oral |
| FWA | Atas, Laura | State Treasurer's Office | Oral |
| FWA | Allen, Catherin | Individual | Oral |