§ 21-301
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/md/state-personnel-and-pensions/21-301·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§21–301.
(a)In each State system, there is:
(1)an accumulation fund;
(2)an annuity savings fund; and
(3)an expense fund.
(b)The Board of Trustees shall credit the assets of each State system to the appropriate fund of the State system according to the purpose for which the assets are held.