{"data":{"id":"us-md/md.-code-state-finance-and-procurement-6-223","jurisdiction":"us-md","citation":"Md. Code, State Finance and Procurement § 6–223","heading":"","body":"(a) Except as otherwise prohibited by law, the Treasurer may invest or reinvest, in a deposit with a financial institution in the State, unexpended or surplus money over which the Treasurer has custody if:\n(1) the deposit is interest bearing; and\n(2) as provided for a depositary for State money:\n(i) the financial institution provides collateral that has a market value that equals or exceeds the amount by which a deposit exceeds the deposit insurance; and\n(ii) a custodian holds the collateral.\n(b) The Treasurer may sell, redeem, or exchange an investment or reinvestment made under this section.","path":["Article - State Finance and Procurement"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gsf\u0026section=6-223","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T20:00:48Z","sha256":"70535df025fd3a6d724f44933e1536349326afe8de25a6af57783741340d131a","source_id":"us-md","stale":false,"prev":"us-md/md.-code-state-finance-and-procurement-6-222","next":"us-md/md.-code-state-finance-and-procurement-6-224"},"notice":"GroundRules: Original legal text. Not legal advice."}