The Board may borrow upon the credit of the State, at any time
between the sessions of the General Assembly, sums not to exceed
$50,000, to meet temporary deficits in the Treasury; and in addition,
it may borrow upon the credit of the State total amounts not ex-
ceeding $1,000,000 in anticipation of taxes levied for any year. All
such loans shall bear interest at a rate determined by the Board,
and shall mature and be repaid at or before the end of the fiscal year
in which the money is borrowed. Upon recommendation of the Comp-
troller^ the Board may adopt regulations covering matters of business
administration 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. The sale, lease, or transfer of any real property
belonging to any State agency or institution must be approved, and
the conveyance signed, by the Board and the highest official of the
agency or institution. Where no agency or institution claims the
property, the Board executes the conveyance. The Board of Public
Works has custody of the Emergency Appropriation Funds, which
are used to supplement the budgets of the agencies and institutions
of the State. It also authorizes the disposal of the records of any
agency or institution of the State when such disposal has been ap-
proved by the Hall of Records Commission (Const. 1867, Art. XII,
sec. 1-3; Art. III, sec 34; Code 1957, Art. 78A, sec. 1-16; Art. 41,
sec. 180).

COMPTROLLER OF THE TREASURY

Louis L. Goldstein, Comptroller of the Treasury
Bernard F. Nossel, Chief Deputy Comptroller
Andrew Heubeck, Jr., Chief Accountant
T. Herbert Taylor, Deputy Comptroller
Abbie M. Sullivan, Deputy Comptroller
Hilda M. Todd, Deputy Comptroller

Treasury Building, Annapolis Telephone: Colonial 8-3371