Maryland Code, LOCAL GOVERNMENT 1-1421

state: means :

(1) a state, possession, territory, or commonwealth of the United States; or

(2) the District of Columbia. See
Trustee: A person or institution holding and administering property in trust.

(a) The corporate trustee under a trust agreement may be a trust company or bank that has the powers of a trust company in or outside the State.

(b) An expense incurred in carrying out the trust agreement or a resolution may be treated as part of the cost of the operation of a project.