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MARYLAND MANUAL 66 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 General Assembly for a term of four years. The Treasurer is responsible for accounting for all de- posits made each day by some two hundred and forty (240) 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 countersigned 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, 1969 Repl. Vol., 1972 Supp., Art. 95). Appropriations 1973 1974 General Funds ............ $1,673,236 $2,378,690 Staff: 27. 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 Clarence W. Sharp, Assistant Attorney General and Chief, Criminal Division Jon F. Oster, First Assistant Attorney General Assistant Attorneys General: Civil Division: David Feidman K. Donald Proctor Estelle A. Fishbein Francis X. Pugh William J. Giacofci William J. Rubin David C. Hjortsberg Allan H. Teri George A. Nilson Thomas G. Young III |
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Maryland Manual, 1973-74
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