Maryland § 17-205
Full text of Maryland Maryland Code § 17-205, with citation guidance and answers to common questions.
§ 17-205.
(a) The governing authority of each governmental entity shall adopt by resolution a local investment policy that:
(1) meets the needs of the governmental entity; and
(2) is consistent with the local government investment guidelines adopted by the State Treasurer under § 17–204 of this subtitle.
(b) Promptly after the adoption of a local investment policy, the governmental entity shall mail a certified copy to the State Treasurer.
(c) If the State Treasurer determines that the local investment policy is not consistent with the local government investment guidelines adopted by the State Treasurer under § 17–204 of this subtitle:
(1) the State Treasurer shall notify the governmental entity; and
(2) the governing authority shall prepare and submit a revised local investment policy that is consistent with the local government investment guidelines.
(d) If the governing authority amends the governmental entity’s local investment policy, the governmental entity shall submit the new local investment policy to the State Treasurer in accordance with subsection (b) of this section.
Frequently Asked Questions About Maryland § 17-205
What does Maryland Code § 17-205 cover?
Section 17-205 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 17-205?
A common citation format is "Maryland Code § 17-205" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 17-205 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.