Section 2-603 - Loans of securities(a) Subject to the limitations in this section and notwithstanding any other provision of law, the Treasurer may lend to a bank or securities broker any security that is owned by the State and is in the custody of the Treasurer.(b)(1) The Treasurer and the bank or broker to whom a loan is to be made under this section shall make a written contract that governs the loan.(2) The contract shall set forth: (i) the term of the loan;(ii) the consideration for the loan;(iii) any provisions that the Treasurer determines are needed to protect the interests of the State; and(iv) any other conditions of the loan.(c) Consideration for a loan under this section may not be less than the current market lending rate for the securities on loan.(d)(1) The bank or broker to whom a loan is to be made under this section shall deposit with the Treasurer collateral with a value that equals or exceeds the value of the securities on loan.(2) Collateral that may be used under this section shall be: (ii) a security in which the Treasurer may invest under § 6-222 or § 6-223 of this article.(e)(1) The Treasurer may enter into a contractual agreement with a financial institution to lend, as agent, securities owned by the State and in the custody of the Treasurer.(2) The financial institution shall provide security or indemnification acceptable to the Treasurer.