878

LAWS OF MARYLAND

Ch. 251

AN ACT concerning

State Property - Self-insurance

FOR the purpose of specifying that the provision for

self insurance for certain State property is

discretionary rather than mandatory; and limiting the
indemnity for certain fine art items changing the power
of the State Treasurer with respect to the kinds of
property that may be self-insured; and limiting the
insurance on State fine art objects.

BY repealing and reenacting, with amendments,

Article 95 - Treasurer

Section 27(a)

Annotated Code of Maryland

(1969 Replacement Volume and 1978 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 95 - Treasurer

27.

(a) The Treasurer -[-shall-]- MAY provide
self-insurance for:

1.  Loss or damage to State motor vehicles;

2.  Loss or damage to hulls of State vessels;

3.  Loss or damage to State personal property and
fine arts PROVIDED THAT, THE INDEMNITY FOR ANY FINE ART ITEM
THAT THE TREASURER DETERMINES TO BE IRREPLACEABLE SHALL BE
LIMITED TO REPAIR OF DAMAGE ONLY;

4t Loss or damage to State real property not
provided by purchased insurance;

54. Any loss sustained by a State officer or
employee as the result of a settlement or a judgment
rendered by a court of competent jurisdiction against him,
if the payment of such a loss is certified by the Board of
Public Works under § 16C of Article 78A of the Code; and

65. Such other loss risks as determined by the
State Treasurer and for which funds are available.

(B) THE TREASURER MAY PROVIDE SELF-INSURANCE FOR LOSS
OR DAMAGE TO STATE PERSONAL PROPERTY AND FINE ARTS PROVIDED
THAT THE INDEMNITY FOR ANY FINE ART ITEM THAT THE TREASURER
DETERMINES TO BE IRREPLACEABLE SHALL BE LIMITED TO REPAIR OF

DAMAGE ONLY.