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MARYLAND MANUAL 61
Post Office Box 666, Annapolis 21404 Telephone: 267-5533 1835 Maryland National Bank Building, Baltimore 21202 Telephone: 383-2040 Under the Constitution of 1776, there were two State Treasurers— the Treasurer of the Eastern Shore and the Treasurer of the Western Shore. In 1841 a constitutional amendment consolidated the two offices. The present constitution provides that the Treasurer shall be elected by joint ballot of both Houses of the Genera] Assembly for a term of four years. The Treasurer is responsible for accounting for all deposits made each day by some one hundred and fifty (150) State Agencies in depositories designated and authorized by him. The Treasurer prepares all checks drawn for disbursement of State cash funds, and he and one of his Deputies signs these checks, which are then counter- signed by the Comptroller and one of his authorized Deputies. The Treasurer invests any unexpended or surplus funds in the State Treasury, representing both the general and special funds of the State, which are not currently required to meet State needs. He is the custodian of all stocks, bonds or other investments of the State, as well as securities which are pledged by Insurance Companies, foreign Building and Homestead Associations, and all collateral which is pledged by banks that have State Funds on deposit. He is also charged with the responsibility of placing insurance for all antici- pated losses which might occur to State property, and is the custodian of all insurance policies. The State Treasurer does the preliminary planning, the preparation and advertising for State of Maryland Bond Issues, receives bids and arranges for settlement, and the signing and delivery of State of Maryland bonds. The State Treasurer is also the depository for all the Deeds indicating property ownership of the State of Maryland. He publishes a monthly balance in Baltimore City News- papers, of all State Funds held in authorized depositories, and renders a quarterly report of cash receipts and cash disbursements to the Comptroller of the Treasury. He is, by law, a member of the Board of Public Works, the Board of Trustees of the three Retirement Systems, the State Board of Canvassers, and the Maryland Industrial Develop- ment Financing Authority, and is also the custodian of such special deposits as may from time to time be prescribed by law (Const. 1867, Art. VI, sees. 1; 2, 3, 4; Code 1957, 1964 Repl. Vol., 1970 Supp., Art. 95). Appropriations 1971 1972 General Funds $4,129,209 $5,418,991 Staff: 25. STATE LAW DEPARTMENT Attorney General's Office Francis B. Burch, Attorney General, 1974 Henry R. Lord, Deputy Attorney General Norman Polovoy, Deputy Attorney General Fred Oken, Assistant Attorney General and Chief, Civil Division Edward F. Borgerding, Assistant Attorney Genera] and Chief, Criminal Division Jon F. Oster, First Assistant Attorney General Assistant Attorneys General: Civil Division: Thomas N. Riddison, Jr. Henry J. Frankel |
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Maryland Manual, 1971-72
| Volume 175, Page 61 View pdf image (33K) |
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