Maryland. State Treasurer.
The office of the State Treasurer has remained relatively unchanged since its creation in 1841, when the office of Eastern Shore Treasurer was abolished and the duties of the Eastern and Western Shore Treasurers were consolidated. Appointed by the legislature for a four-year term, the Treasurer receives and keeps all monies of the state and disburses them upon warrants drawn by the Comptroller. The treasurer also pays the interest and principal on public debts, and signs, with the comptroller's counter-signature, every new bond or certificate of debt of the State.
The treasurer invests any unexpended funds and is the custodian of all stocks, bonds, or other investments of the state, duties which prior to 1851 were performed by the Commissioner of Loans. The administration of the state insurance program and joint supervision with the comptroller of the Central Payroll Bureau are also among the treasurer's responsibilities. The State Treasurer is one of three members (along with the Governor and the Comptroller) of the Board of Public Works.
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2021-11-04 01:11:30 am |
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2021-11-04 01:11:29 am |
Joseph Glass |
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