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Md. Code Ann., Loc. Gov't § 17-306

(a) The State Treasurer may:

(1) contract with a qualified Maryland fiscal agent; and

(2) compensate the fiscal agent for services rendered.

(b) The fiscal agent may perform administrative and investment services that the State Treasurer performs under this part.

Official source: Maryland General Assembly. Reproduced from public-domain Maryland statutes; confirm against the official source for the current text. Not legal advice.