154/Maryland Manual
The State Treasurer is responsible for accounting for all deposits made each day by State agencies in
depositories designated and authorized by the Treasurer. The Treasurer prepares checks drawn for
disbursement of State cash funds, and the Treasurer (or one of the Deputies) signs these checks, which
are then countersigned by the Comptroller. The Treasurer invests unexpended funds, which are not
currently required to meet State needs, in the State Treasury, representing both the general and special
funds of the State.
The State Treasurer is the custodian of all stocks, bonds, or other investments of the State, as well as
securities that are pledged by insurance companies, foreign building and homestead associations, and all
collateral that is pledged by banks that have State funds on deposit. The Treasurer administers the insurance
program for the State of Maryland, which includes the State Insurance Trust Fund, the self-insurance
program, and private commercial insurance. The Treasurer does the preliminary planning, preparation,
and advertising for State of Maryland bond issues, receives bids and arranges for settlement, and signs and
delivers State of Maryland general obligation bonds. The Treasurer renders a quarterly report of cash
receipts and cash disbursements to the Comptroller of the Treasury
The State Treasurer also is the custodian of such special deposits as may from time to time be prescribed
by law (Const., Art. VI, secs. 1-6; Code State Government Article, secs. 5-101 through 5-107, sec.
12-104).
By law, the Treasurer is a member of the Board of Public Works, the Board of Trustees of the Maryland
State Retirement and Pension Systems, the State Board of Canvassers, the Maryland Industrial Develop-
ment Financing Authority and a number of other boards and commissions.
BOARD OF PUBLIC WORKS
Chairperson: William Donald Schaefer, Governor
Louis L. Goldstein, Comptroller of the Treasury
Lucille Maurer, State Treasurer
James J. McGinty, Jr., Secretary to the Board
Margaret Lee Quinn, Counsel
Goldstein Treasury Building, Room 309
60 Calvert St.
Annapolis, MD 21401 974-3443
BUDGET (CODE 23.05.01)
FY1989 Total Appropriation...................................................................................................$4,447,778
General Funds..........................................................................................................................$3,347,778
Special Funds............................................................................................................................$ 100,000
FY1989 Total Authorized Positions.........................................................................................................3
ORGANIZATIONAL STRUCTURE ~
BOARD OF PUBLIC WORKS
Chairperson: William Donald Schaefer, Governor
Louis L. Goldstein, Comptroller of the Treasury
Lucille Maurer, State Treasurer
OFFICE OF THE SECRETARY
James J. McGinty, Jr., Secretary ... 974-3443
M. Gail Moran, Assistant Secretary ..... 974-3651
WETLANDS ADMINISTRATION
FY1989 Appropriation....................$130,773
Harold Cassell, Wetlands Administrator
...................................................974-2664
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PROCUREMENT ADVISORY COUNCIL
Chairperson: James J. McGinty, Jr.,
Secretary, Board of Public Works
...................................................974-3443
Lucille Maurer, State Treasurer; Charles L.
Benton, Jr., Secretary of Budget & Fiscal
Planning; Earl F. Seboda, Secretary of General
Services; Richard H. Trainor, Secretary of
Transportation; Dr. John S. Toll, Chancellor,
University of Maryland System; vacancy, public
member.
Procurement Advisor (ap^Med
by Board of Public Works):
Lonnie R. Robbins..........................974-2375
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