---
type: "Bill"
title: "State Retirement and Pension System - Authority to Arrange Custody of Investments and Procurement Exemption"
description: "State Retirement and Pension System - Authority to Arrange Custody of Investments and Procurement Exemption"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2017"
identifier: "SB 255"
citation: "Maryland SB 255 (2017)"
classification: ["bill"]
subjects: ["State Pensions and Retirement", "State Government - Procurement", "Administrative Agencies", "Banks and Trust Companies", "Exemptions", "International Affairs", "Interstate Affairs", "Investments", "Personal Property", "Privacy", "Procurement", "Real Estate", "Real Property", "Records", "Retirement Systems", "Revenue and Taxes", "Securities", "State Employees", "Treasurers"]
status: "enacted"
primary_sponsors: ["Guzzone (Chair"]
version_count: 1
action_count: 14
vote_count: 2
first_action: "2017-01-20"
last_action: "2017-04-18"
source: "openstates"
source_identifier: "ocd-bill/f43c6d3e-94bd-433d-b31f-602847f13a9e"
source_url: "http://mgaleg.maryland.gov/webmga/frmMain.aspx?id=SB255&stab=01&pid=billpage&tab=subject3&ys=2017rs"
source_hash: "77009f7581d9ce7d1b77d3a3a433af3e2b5f5465959263c6372d19cb0e9d9452"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-md"]
---

# Maryland SB 255 (2017) — State Retirement and Pension System - Authority to Arrange Custody of Investments and Procurement Exemption

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Bill Text** (committee substitute) — [source](http://mgaleg.maryland.gov/2017RS/bills/sb/sb0255f.pdf)

## Votes

- Third Reading — **139–1** (pass) · legislature
- Third Reading — **45–0** (pass) · legislature

## Sponsors

- Guzzone (Chair — primary (person)
- Joint Committee on Pensions) — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-01-20** First Reading Budget and Taxation `referral-committee`
- **2017-01-25** Hearing 2/02 at 9:00 a.m.
- **2017-02-20** Favorable with Amendments Report by Budget and Taxation `committee-passage-favorable`
- **2017-02-21** Favorable with Amendments {479938/1 Report Adopted `committee-passage-favorable`
- **2017-02-21** Second Reading Passed with Amendments
- **2017-02-23** Third Reading Passed (45-0) `passage`
- **2017-02-24** First Reading Appropriations `referral-committee`
- **2017-03-08** Hearing 3/21 at 1:00 p.m.
- **2017-03-24** Favorable Report by Appropriations `committee-passage-favorable`
- **2017-03-24** Favorable Report Adopted `committee-passage-favorable`
- **2017-03-24** Second Reading Passed
- **2017-03-28** Third Reading Passed (139-1) `passage`
- **2017-03-29** Returned Passed
- **2017-04-18** Approved by the Governor - Chapter 267 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/f43c6d3e-94bd-433d-b31f-602847f13a9e`. Confidence: reported (aggregated from official Maryland legislature records).