Maryland § 6-225
Full text of Maryland Maryland Code § 6-225, with citation guidance and answers to common questions.
§ 6-225.
(a) Notwithstanding any other provision of law, the Treasurer may invest or reinvest State money in any obligation that the Maryland Higher Education Loan Corporation guarantees if:
(1) a financial institution holds the obligation; and
(2) the Governor approves the financial institution.
(b) (1) The Treasurer may set the conditions of the investment or reinvestment, including the term and any service charge.
(2) The investments and reinvestments under this section may not exceed:
(i) for any 1 obligation, 80% of its principal;
(ii) for any 1 financial institution, the amount by which its holdings in the obligations exceed 1% of the total deposits of the financial institution; and
(iii) for all obligations, $10,000,000.
(c) If the Treasurer invests or reinvests in an obligation under this section, the financial institution that holds the obligation is the collecting agent of the State for the investment or reinvestment.
Frequently Asked Questions About Maryland § 6-225
What does Maryland Code § 6-225 cover?
Section 6-225 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 § 6-225?
A common citation format is "Maryland Code § 6-225" (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 § 6-225 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.