The Personnel Officer shall solicit competitive sealed proposals or invite competitive sealed bids for banks, trust funds, insurance companies, and regulated investment companies offering mutual funds for the provision of investment options for the Anne Arundel County Employee Retirement Savings Plan pursuant to § 6-6-206 of this Code at least every ten years. Any qualified bid or proposal shall, at a minimum, provide for a combination of investment options offering reasonable opportunities for capital appreciation, preservation of capital, and liquidity as required under § 6-6-205 of this Code.
(Bill No. 95-17; Bill No. 80-18; Bill No. 72-21)