(a) In this subtitle the following words have the meanings indicated. (b) 'Financial officer' means the treasurer or other financial officer of a governmental entity who is responsible for the investment of public funds or the issuance and management of debt of the governmental entity. (c) 'Governing authority' means: (1) for Baltimore City, the Baltimore City Board of Estimates; (2) for a commission county, the county commissioners; (3) for a charter county, as provided by local law, the county council or the county executive and the county council; (4) for a code county, the county commissioners; (5) for a community college, the board of trustees; (6) for a municipality, the body provided by the municipal charter; (7) for the Washington Suburban Sanitary Commission, the Commission; (8) for a public corporation, the board of directors; and (9) for an authority, the board of the authority. (d) (1) Except as provided in paragraph (2) of this subsection, 'public money' means any money held by a governmental entity. (2) 'Public money' does not include money held as part of a pension fund, a fund for other postemployment benefits, as defined in § 17–102(a) of this title, a trust fund eld by a governmental entity. (2) 'Public money' does not include money held as part of a pension fund, a fund for other postemployment benefits, as defined in § 17–102(a) of this title, a trust fund account, or a facility closure reserve fund or for self–insurance purposes.
Maryland Legal Code