Md. Code Ann., State Fin. & Proc. § 6-205
Financial institutions eligible as depositories
Effective Jul 1, 1988Added by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985. Amended by Acts 1988, c. 519, § 1, eff. July 1, 1988.State of Maryland
- (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.
Added by Acts 1985, c. 11, § 2, eff. Oct. 1, 1985. Amended by Acts 1988, c. 519, § 1, eff. July 1, 1988.
Formerly Art. 95, § 21.