SB458: Maryland Teachers and State Employees Supplemental Retirement Plans - Use of Minority Business Enterprises

Legislative Summary

Requiring the Board of Trustees of the Maryland Teachers and State Employees Supplemental Retirement Plans to consider using minority business enterprises for investment advisor and fund manager services; requiring the Board to use the Office of State Procurement's website and the State's electronic procurement system to provide notice to potential providers; and requiring the Board, in consultation with a certain entity, to identify entities that have been certified as minority business enterprises under certain circumstances.