Section 2-801 – “Committee” Defined
In this subtitle, “Committee” means the Joint Committee on the Management of Public Funds.
Section 2-802 – Established
There is a Joint Committee on the Management of Public Funds, which is a joint committee of the Senate and the House.
Section 2-803 – Membership
(a) (1) The Committee consists of 8 members. (2) Of the 8 members: (i) 4 shall be Senators, appointed by the President; and (ii) 4 shall be Delegates, appointed by the Speaker. (b) (1) A member appointed by the President serves at the pleasure of the President. (2) A member appointed by the Speaker serves at the pleasure of the Speaker.
Section 2-804 – Officers
The President and the Speaker jointly shall appoint the chairman and the vice chairman of the Committee.
Section 2-805 – Quorum; Meetings
(a) A majority of the full authorized membership of the Committee is a quorum. (b) The Committee shall meet: (1) at the times and places that it determines; and (2) at the call of its chairman or, if the chairman is absent, at the call of its vice chairman.
Section 2-806 – Functions
(a) The Committee has the function to review the investment and management policies and procedures: (1) of the Treasurer with respect to State funds in the State Treasury; (2) of any officer or unit with respect to State funds that are not in the State Treasury and are not under the jurisdiction of a retirement system; and (3) of […]
Section 2-807 – Subpoenas; Oaths; Testimony; Depositions
(a) In carrying out any of its functions or powers, the Committee may: (1) issue subpoenas; (2) compel the attendance of witnesses; (3) compel the production of any papers, books, accounts, documents, and testimony; (4) administer oaths; and (5) cause the depositions of witnesses, who reside in or outside of the State, to be taken in the manner provided by law […]