Maryland § 6-224
Full text of Maryland Maryland Code § 6-224, with citation guidance and answers to common questions.
§ 6-224.
(a) Notwithstanding any other provision of law, the Treasurer may invest or reinvest unexpended or surplus State money in obligations that the Maryland Environmental Service issues for a capital project if:
(1) there is a commitment of federal funds for the project;
(2) the Service has not received the federal funds;
(3) the amount of the investment does not exceed the federal commitment; and
(4) as to any investment or reinvestment that exceeds $500,000, the Board of Public Works approves the investment or reinvestment.
(b) The Treasurer shall set the conditions of the investment or reinvestment, including the term, the interest rate, and any service charge.
(c) The Maryland Environmental Service shall repay the investment or reinvestment when the term that the Treasurer sets ends or, if sooner, when the Service receives the final federal funds.
Frequently Asked Questions About Maryland § 6-224
What does Maryland Code § 6-224 cover?
Section 6-224 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 § 6-224?
A common citation format is "Maryland Code § 6-224" (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 § 6-224 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.