§ 13-6. Investments; annual statement.

The Board of Finance for Baltimore City is hereby authorized and directed to:

(1) receive the monies directed to be paid to it by the Director of Finance;

(2) hold and invest the same as other monies in its charge are held and invested;

(3) retain the same as a permanent fund to be used only for the payment of claims as provided in §§ 13-2 and 13-4 of this subtitle;

(4) keep a separate account of said fund, together with the earnings thereof, as the "Liability Reserve Fund for Commodity, Service and Construction Contracts" of the Mayor and City Council of Baltimore; and

(5) submit annually to the Director of Finance a statement in writing showing the state and amount of said fund.