State Treasurer:
Hooper S. Miles...... , ..... — .... ..... ....... Baltimore

Secretary:
Joseph O'C. McCusker........... ............................Pikesville

The Board of Public Works, as constituted under Article XII of the
Constitution, and Section 94 of Article 41 of the Code of Public Gen-
eral Laws of Maryland, exercises such powers and duties as may be
delegated to it from time to time in regard to the creation of State
debt, the fixing of interest thereon, the terms and conditions thereof,
the preparation of certificates of indebtedness and the advertising
and sale thereof. All contracts for the expenditures of the proceeds
of loans authorized by Act of the General Assembly are subject to
the approval of said Board before the same are executed.

The Board supervises the expenditure of all sums appropriated for
the acquisition of land, buildings, equipment, new construction and
other capital expenditures except in connection with State roads,
bridges and highways, whether made through the medium of a budget
bill, a supplementary appropriation bill or a State bond issue bill, and
all contracts for the expenditure thereof shall be subject to the ap-
proval of said Board before the same are executed, after review by the
Director of Budget and Procurement.

The Board has the power and duty to approve every lease and re-
newal thereof of land, buildings or office space before the same is
executed by any department, board, commission. State officer or
institution of the State, and the power to designate the location of
any State agency, after review by the Director of Budget and Pro-
curement.

The Board is authorized and empowered to borrow upon the credit
of the State, at any time between the biennial sessions of the General
Assembly in sum or sums not to exceed $60,000 in the aggregate to
meet temporary deficits in the treasury; and in addition thereto the
said Board is authorized and empowered to borrow upon the credit
of the State in sum or sums not to exceed $1,000,000 in the aggre-
gate, in anticipation of taxes levied for any year. All loans made
in pursuance of this section shall bear interest at a rate to be deter-
mined by the Board, and shall mature and be repaid on or before the
end of the biennium in which such sums are borrowed.

The Board has power to adopt rules and regulations, upon recom-
mendation of the Comptroller, covering matters of business adminis-
tration in the various departments, institutions and agencies of the
State, including the fixing of uniform rates of mileage allowance,
and the terms and renewals of all bonds furnished by State officials
and employees.