---
type: "Bill"
title: "State Investment Portfolio and Local Government Investment Guidelines - Investment Standards"
description: "State Investment Portfolio and Local Government Investment Guidelines - Investment Standards"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2024"
identifier: "SB 776"
citation: "Maryland SB 776 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["President", "State Treasurer"]
version_count: 3
action_count: 14
vote_count: 2
first_action: "2024-02-01"
last_action: "2024-04-25"
source: "openstates"
source_identifier: "ocd-bill/117c22a2-16ef-4225-8579-605c13ed5250"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0776?ys=2024RS&search=True"
source_hash: "788f64b4f8533623c7a5fc892b4dfbb095e9a1f5ba5147bad93dc7c818e472e4"
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 776 (2024) — State Investment Portfolio and Local Government Investment Guidelines - Investment Standards

## Version chain

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

1. **Chapter - State Investment Portfolio and Local Government Investment Guidelines - Investment Standards** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/Chapters_noln/CH_144_sb0776t.pdf)
2. **First - State Investment Portfolio - Investment Standards** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/bills/sb/sb0776f.pdf)
3. **Third - State Investment Portfolio and Local Government Investment Guidelines - Investment Standards** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/bills/sb/sb0776t.pdf)

## Votes

- On Third Reading (Emerg) — **46–0** (pass) · upper
- On Third Reading (Emerg) — **137–0** (pass) · lower

## Sponsors

- President — primary (person)
- State Treasurer — primary (person)

## Timeline

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

- **2024-02-01** First Reading Budget and Taxation `referral-committee`
- **2024-02-01** Hearing 2/14 at 1:00 p.m.
- **2024-02-26** Favorable with Amendments Report by Budget and Taxation `committee-passage-favorable`
- **2024-02-27** Favorable with Amendments { `committee-passage-favorable`
- **2024-02-27** Second Reading Passed with Amendments
- **2024-02-29** Third Reading Passed `passage`
- **2024-03-01** Referred Appropriations `referral-committee`
- **2024-03-16** Hearing 3/19 at 1:00 p.m.
- **2024-03-29** Favorable Report by Appropriations `committee-passage-favorable`
- **2024-03-29** Favorable Adopted `committee-passage-favorable`
- **2024-03-29** Second Reading Passed
- **2024-04-02** Third Reading Passed `passage`
- **2024-04-03** Returned Passed
- **2024-04-25** Approved by the Governor - Chapter 144 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/117c22a2-16ef-4225-8579-605c13ed5250`. Confidence: reported (aggregated from official Maryland legislature records).