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      <invstOrSec>
        <name>HOWARD CO MD ANNAPOLIS TWN CNTR PROJ</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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        <invCountry>US</invCountry>
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        <name>MONTGOMERY CO MD SER B</name>
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        <name>MONTGOMERY CO MD CONSOL PUB IMPT SR A</name>
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        <name>PRINCE GEORGES CO MD CNSL PUB IMPT SER A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>PRINCE GEORGES CO MD CNSL PUB IMPT SER A</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>WASHINGTON CNTY MD</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>HOWARD CNTY MD  ROGER CARTER REC CNTR</name>
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          <isin value="US442573AX93"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MAIN STREET NAT GAS INC REV SER B</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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        <name>CMNTY DEV ADMIN MD MF DEV REV SUST SR C</name>
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          <isin value="US20364NAW74"/>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MD ST CMNTY DEPT HSG &amp; CMNTY RSDL SER B</name>
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          <isin value="US57419R7M14"/>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.0000000000</annualizedRt>
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        <name>CMNTY DEV ADMIN MD MF DEV REV SUS SR C2</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MD ST CMNTY DEV ADMIN HSG &amp; CMNTY B</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SER A</name>
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        <name>CMNTY DEV ADMIN MD MF DEV REV SUST SR C</name>
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        <name>MD CMNTY DEV ADMIN-C</name>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SER C</name>
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          <isin value="US57419TDD00"/>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SUSTAIN SER C</name>
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        <title>MARYLAND COMMUNITY DEVELOPMENT ADMINISTRATION</title>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SER C</name>
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        <fairValLevel>2</fairValLevel>
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        <name>MD DEPT HSG CMNTY DEV</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>1.3000000000</annualizedRt>
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        <name>MD ST CMNTY HSG &amp; CMTY DEV SUSTAIN SER A</name>
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      <invstOrSec>
        <name>MD HHE UMD MED SYS D DLY</name>
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      <invstOrSec>
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      <invstOrSec>
        <name>MD ST HHEFA UNI MD MED SYSTEM</name>
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          <isin value="US574218WS87"/>
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        <name>MD ST HHEFA LIFEBRIDGE HEALTH</name>
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          <isin value="US5742183X91"/>
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        <name>MD ST JOHNS HOPKINS HEALTH SYS SR A DLY</name>
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          <isin value="US57421CGB46"/>
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        <name>MD H&amp;H ED FACS LIFEBRIDGE HLTH</name>
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          <isin value="US5742184A89"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MD HLTH &amp; HGR EDL</name>
        <lei>N/A</lei>
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          <isin value="US57421CLE20"/>
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      <invstOrSec>
        <name>MD ST HLTH &amp; HGR EDU STEVENSON UNIV SR A</name>
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          <isin value="US57421CBU71"/>
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        <name>MD ST HLTH &amp; HGR ED REF-LIFEBRDGE HLTH</name>
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        <name>MD HLTH &amp; HGR EDU FACS LIFEBRIDGE HLTH</name>
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        <name>MARYLAND HLTH HGR EDL</name>
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        <name>MD ST HLTH &amp; HGR ED BROADMEAD SER A</name>
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        <name>MD HLTH &amp; HGR EDU AUT</name>
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        <name>MD HLTH HGR EDL-C-REF</name>
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        <name>MD HLTH &amp; HR ED ANNE ARUN HLTH SYS SER A</name>
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        <name>MD ST HLTH &amp; HGR ED MEDSTAR HLTH SR A</name>
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      <invstOrSec>
        <name>MD HLTH HGR EDL-C-REF</name>
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        <name>MD H&amp;H ED FACS ADVENTIST HLTHCRE</name>
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        <name>MD ST HHEFA REV MERCY MED CENTER SER A</name>
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        <name>MD ST H&amp;H ED FACS UNIV OF MD MED S B-2</name>
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          <isin value="US57421CAU80"/>
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        <fairValLevel>2</fairValLevel>
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        <name>MD H&amp;H ED FACS ADVENTIST HLTHCRE</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>MD ST HHEFA UNIV MD MED SYS SR B</name>
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          <isin value="US574218U504"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.0000000000</annualizedRt>
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        <name>MD H&amp;H ED FACS AUTH CHARL CMNTY SER A</name>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-01-01</maturityDt>
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          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD STADIUM AUT BALTIMORE CITY PUB SCHLS</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <annualizedRt>5.0000000000</annualizedRt>
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        <name>MD STADIUM AUTH BLT TO LEARN REV SER A</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MD ST STADIUM CONSTRUCT REVI PRGM SR A</name>
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        <name>MD ST TRANS AUTH FACS PROJ REV SER A</name>
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        <name>MD ST TRNSPRTN AMT - BMORE/WASHINGTON IN</name>
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        <name>MD ST TRANSPRTN-BAM AMT</name>
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        <name>MD ST TRNSPRTN AMT - BMORE/WASHINGTON IN</name>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MONTGOMERY CO MD HSG OPPS COMMSN REV</name>
        <lei>549300HDL0LLRHMDL092</lei>
        <title>MONTGOMERY COUNTY HOUSING OPPORTUNITIES COMMISSION</title>
        <cusip>613352CA9</cusip>
        <identifiers>
          <isin value="US613352CA91"/>
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        <balance>425000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>439113.020000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PR AQUEDCT &amp; SWR REV EXCH SER B 144A</name>
        <lei>N/A</lei>
        <title>PUERTO RICO COMMONWEALTH AQUEDUCT &amp; SEWER AUTHORITY</title>
        <cusip>745160TD3</cusip>
        <identifiers>
          <isin value="US745160TD34"/>
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        <balance>750000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>767529.750000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>PR SALES TAX FING SALES TAX REV SER A1</name>
        <lei>N/A</lei>
        <title>PUERTO RICO SALES TAX FINANCING CORP SALES TAX REVENUE</title>
        <cusip>74529JQD0</cusip>
        <identifiers>
          <isin value="US74529JQD09"/>
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        <balance>3560000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3226617.390000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>PR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-07-01</maturityDt>
          <couponKind>None</couponKind>
          <annualizedRt>0.0000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SOUTHEAST ENERGY AUTH SER A</name>
        <lei>25490090A3RLJHITY273</lei>
        <title>SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT</title>
        <cusip>84136FAH0</cusip>
        <identifiers>
          <isin value="US84136FAH01"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1013243.600000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2051-11-01</maturityDt>
          <couponKind>Variable</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MD ST &amp; LOCAL FACS LN 2ND SER</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193QT8</cusip>
        <identifiers>
          <isin value="US574193QT83"/>
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        <balance>1000000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1050586.100000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MARYLAND ST 2ND SER-BID GRP 1</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193QR2</cusip>
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          <isin value="US574193QR28"/>
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        <balance>760000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>799881.150000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MARYLAND ST 2ND SER A-BID GRP 1</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193RP5</cusip>
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          <isin value="US574193RP52"/>
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        <balance>1405000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1410479.080000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MARYLAND ST-B-REF</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193XQ6</cusip>
        <identifiers>
          <isin value="US574193XQ61"/>
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        <balance>1295000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1391178.610000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>MARYLAND-A</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193QD3</cusip>
        <identifiers>
          <isin value="US574193QD32"/>
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        <balance>1495000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1560151.950000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MD ST &amp; LOCAL FAC LN 2ND SR A</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193TC2</cusip>
        <identifiers>
          <isin value="US574193TC22"/>
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        <balance>330000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>354508.840000</valUSD>
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        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MARYLAND ST SER A</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193NJ3</cusip>
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          <isin value="US574193NJ39"/>
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        <balance>3060000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3118634.800000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MARYLAND ST-A-1ST SER</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193VF2</cusip>
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          <isin value="US574193VF25"/>
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        <curCd>USD</curCd>
        <valUSD>1188481.550000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MARYLAND ST SER A</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193PQ5</cusip>
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          <isin value="US574193PQ53"/>
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        <balance>2990000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>3074171.190000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>MD ST &amp; LOCAL FACS LOAN-2ND SER</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193QS0</cusip>
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          <isin value="US574193QS01"/>
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        <balance>880000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>925270.540000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD ST SER A</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193NK0</cusip>
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          <isin value="US574193NK02"/>
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        <curCd>USD</curCd>
        <valUSD>1100731.460000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MARYLAND ST SER A</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193PN2</cusip>
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          <isin value="US574193PN23"/>
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        <balance>1020000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1049081.930000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD ST SER A</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193QF8</cusip>
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          <isin value="US574193QF89"/>
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        <balance>1190000.000000</balance>
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        <curCd>USD</curCd>
        <valUSD>1238974.210000</valUSD>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD ST SER B</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND</title>
        <cusip>574193PE2</cusip>
        <identifiers>
          <isin value="US574193PE24"/>
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        <balance>1505000.000000</balance>
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      </invstOrSec>
      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
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        <lei>N/A</lei>
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      <invstOrSec>
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        <name>MD DEPT OF TRANS BWI ARP SER B AMT</name>
        <lei>N/A</lei>
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        <lei>N/A</lei>
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          <isin value="US57421FAJ66"/>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MD DEPT OF TRANS BWI ARP SER B AMT</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
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          <isin value="US57421FAP27"/>
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        <invCountry>US</invCountry>
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          <couponKind>Fixed</couponKind>
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      <invstOrSec>
        <name>MARYLAND ST DEPT OF TRANS CONSOL</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
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          <isin value="US574204P645"/>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>MD ST DEPT TRANSPRTN CONSOL</name>
        <lei>N/A</lei>
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          <isin value="US574204H717"/>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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      <invstOrSec>
        <name>MD DEPT OF TRANS BWI ARP SER B AMT</name>
        <lei>N/A</lei>
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          <isin value="US57421FAM95"/>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
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        <name>MD ST DEPT TRANSPRTN CONSOL</name>
        <lei>N/A</lei>
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          <isin value="US574204N251"/>
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        <name>MARYLAND ST DEPT OF TRANS CONSOL SR A</name>
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          <isin value="US574204R393"/>
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        <name>MARYLAND ST DEPT OF TRANS CONSOL</name>
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          <isin value="US574204H899"/>
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        <name>MD DEPT OF TRANS BWI ARP SER A AMT</name>
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          <isin value="US57421FBD87"/>
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        <name>MD ST DEPT TRANSPRTN CONSOL</name>
        <lei>N/A</lei>
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          <isin value="US574204N749"/>
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        <name>MD DEPT TRANSPRTN-A</name>
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        <name>MD DEPT OF TRANSPRTN</name>
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      <invstOrSec>
        <name>MARYLAND ST DEPT OF TRANS CONSOL SR B</name>
        <lei>N/A</lei>
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          <isin value="US574204T290"/>
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        <valUSD>1389794.530000</valUSD>
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        <assetCat>DBT</assetCat>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2027-12-01</maturityDt>
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          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MD DEPT OF TRANS BWI ARP SER B AMT</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>57421FAL1</cusip>
        <identifiers>
          <isin value="US57421FAL13"/>
        </identifiers>
        <balance>1350000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1406745.360000</valUSD>
        <pctVal>0.7797856715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-08-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MD ST DEPT OF TRANSPRTN CONSOL</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>574204L76</cusip>
        <identifiers>
          <isin value="US574204L768"/>
        </identifiers>
        <balance>2860000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2882990.400000</valUSD>
        <pctVal>1.5980963355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-10-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MD DEPT TRANSPRTN-C</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>574204Y56</cusip>
        <identifiers>
          <isin value="US574204Y563"/>
        </identifiers>
        <balance>2540000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2629084.150000</valUSD>
        <pctVal>1.4573512787</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MD ST DEPT OF TRANS CONSL SR 2022B</name>
        <lei>N/A</lei>
        <title>STATE OF MARYLAND DEPARTMENT OF TRANSPORTATION</title>
        <cusip>574204U76</cusip>
        <identifiers>
          <isin value="US574204U769"/>
        </identifiers>
        <balance>1240000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1286078.520000</valUSD>
        <pctVal>0.7128977502</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-12-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TX GAS ACQ SER A</name>
        <lei>6AZ7FRSNC3ZFPM0Z8L86</lei>
        <title>TEXAS MUNICIPAL GAS ACQUISITION AND SUPPLY CORP I</title>
        <cusip>88256CAT6</cusip>
        <identifiers>
          <isin value="US88256CAT62"/>
        </identifiers>
        <balance>475000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>479994.630000</valUSD>
        <pctVal>0.2660701400</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-12-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.2500000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UNIV SYS OF MD AUX FAC &amp; TUIT REV SER A</name>
        <lei>N/A</lei>
        <title>UNIVERSITY SYSTEM OF MARYLAND</title>
        <cusip>9144025H1</cusip>
        <identifiers>
          <isin value="US9144025H15"/>
        </identifiers>
        <balance>1900000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1914608.530000</valUSD>
        <pctVal>1.0613038725</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2030-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON SUBURBAN SAN DIST MD</name>
        <lei>549300EZUWNTQF827C24</lei>
        <title>WASHINGTON SUBURBAN SANITARY COMMISSION</title>
        <cusip>940158CU0</cusip>
        <identifiers>
          <isin value="US940158CU09"/>
        </identifiers>
        <balance>1500000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1606954.050000</valUSD>
        <pctVal>0.8907651509</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2029-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON SUBURBAN</name>
        <lei>549300EZUWNTQF827C24</lei>
        <title>WASHINGTON SUBURBAN SANITARY COMMISSION</title>
        <cusip>9401574V9</cusip>
        <identifiers>
          <isin value="US9401574V99"/>
        </identifiers>
        <balance>220000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>225382.480000</valUSD>
        <pctVal>0.1249337894</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON SUBURBAN</name>
        <lei>549300EZUWNTQF827C24</lei>
        <title>WASHINGTON SUBURBAN SANITARY COMMISSION</title>
        <cusip>940157W71</cusip>
        <identifiers>
          <isin value="US940157W713"/>
        </identifiers>
        <balance>1245000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1302800.990000</valUSD>
        <pctVal>0.7221673329</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>WASHINGTON SUBURBAN SAN DIST MD</name>
        <lei>549300EZUWNTQF827C24</lei>
        <title>WASHINGTON SUBURBAN SANITARY COMMISSION</title>
        <cusip>940158AF5</cusip>
        <identifiers>
          <isin value="US940158AF59"/>
        </identifiers>
        <balance>945000.000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>968120.180000</valUSD>
        <pctVal>0.5366474033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-06-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.0000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-07-02</ncom:dateSigned>
      <ncom:nameOfApplicant>T. ROWE PRICE STATE TAX-FREE FUNDS, INC.</ncom:nameOfApplicant>
      <ncom:signature>/s/ Alan Dupski</ncom:signature>
      <ncom:signerName>Alan Dupski</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
