898

LAWS OF MARYLAND

Ch. 327

as follows:

Article 95 — Treasurer

26.

The State Treasurer has the responsibility for all
programs of insurance or self—insurance for the State or
for State properties, INCLUDING THE PLACEMENT AND
ADMINISTRATION OF ALL INSURANCE ON STATE PROPERTY
REQUIRED TO BE PURCHASED BY FEDERAL LAWS OR REGULATIONS,
TRUST AGREEMENTS, OR BY ANY OTHER COMMITMENT OF THE STATE
except to the extent that the exercise of this power is
prohibited or limited by agreement or by any provision of
law.

27.

The Treasurer shall pay for loss or damage to State
property in the following cases:

1.   Loss or damage to State motor vehicles as
determined by the State Treasurer;

2.  Loss or damage under hull insurance on State
vessels; [and]

3.   Loss or damage to State personal property and
fine arts as determined by the State Treasurer [.]; AND

4.   LOSS OR DAMAGE TO STATE REAL PROPERTY AS
DETERMINED BY THE STATE TREASURER.

31.

Notwithstanding the provisions of this subtitle, the
first one thousand dollars ($1,000) of value of each loss
or damage occurrence for any State agency shall be
payable from [the] ANY appropriations made to the agency
in the annual State budget [.] UNLESS REDUCED IN AMOUNT
BY THE STATE TREASURER UPON RECOMMENDATION OF THE
SECRETARY OF BUDGET AND FISCAL PLANNING,

SECTION 2. AND BE IT FURTHER ENACTED, That Section
32 of Article 95 - Treasurer, of the Annotated Code of
Maryland (1969 Replacement Volume and 1975 Supplement) be
and it is hereby repealed:

Article 95 — Treasurer

32.

[The Treasurer is responsible for the placement and
administration of all insurance on State property
required to be purchased by federal laws or regulations,
trust agreements, or by any other commitment of the State
to the extent that State placement and administration are
permitted or allowed.]

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1976.