Investments; annual statement.
Baltimore City Code, Article 5, § 13-6
in effect§ 13-6. Investments; annual statement.
The Board of Finance for Baltimore City is hereby authorized and directed to:
(1) receive the monies directed to be paid to it by the Director of Finance;
(2) hold and invest the same as other monies in its charge are held and invested;
(3) retain the same as a permanent fund to be used only for the payment of claims as provided in §§ 13-2 and 13-4 of this subtitle;
(4) keep a separate account of said fund, together with the earnings thereof, as the “Liability Reserve Fund for Commodity, Service and Construction Contracts” of the Mayor and City Council of Baltimore; and
(5) submit annually to the Director of Finance a statement in writing showing the state and amount of said fund.
(Ord. 86-774.)
Source: City of Baltimore Department of Legislative Reference, City of Baltimore Law Library (codes.baltimorecity.gov; Open Law Library bulk XML)URL: https://codes.baltimorecity.gov/us/md/cities/baltimore/code/5/13-6Fetched: 10/25/2026