Investments

INVESTMENTS

Investment of temporarily idle funds is made in accordance with Section 22 of Article 95 of the Annotated Code of Maryland, related Board of Education policy and School System procedures and is limited to securities issued or guaranteed by the Federal government.  Investments are made principally in the Maryland Local Government Investment Pool (MLGIP), which is under control of the Maryland State Treasurer and is designed to provide all local government units of the state an investment vehicle for the short-term investment of funds.  In FY 2016, the average investment was $182 million.

Investment Policy and Procedures

Attachment 1

Attachment 2

 

 

 

 

 

 


Sasscer Administration Building
Room 113
14201 School Lane
Upper Marlboro, MD  20772
Phone:  301-952-6070
Fax:      301-952-6776

Last modified: 1/30/2017 2:57:00 PM