Thank
you for visiting the Maryland State Treasurer’s Office
website. We hope you find it informative and helpful. We welcome
your ideas and suggestions.
As
a Constitutional officer responsible for the prudent management
and protection of State funds and property, I am committed
to investment and distribution practices that protect and preserve
Maryland’s
fiscal integrity. Maryland is one of only seven states to benefit
from a triple A bond rating, thus enabling our State to save
millions and millions of dollars on interest payments. Along
with managing the State’s deposits, investing excess
funds, safekeeping all State securities and investments, operating
a capital lease financing program and energy performance master lease-purchase
agreement, the State Treasurer’s Office (STO) provides insurance
protection against unexpected damage to State property or liability
of State employees. The STO purchases all of the State’s financial
and insurance services.
A member of the Board of Public Works (BPW), along with the Governor
and the Comptroller, I review and approve all major contracts and
procurements for all State agencies. The BPW is the only one of its
kind in our nation. The responsibility to oversee the expenditure
of State funds for significant commodities, construction and maintenance
of facilities and vital services is one that I take very seriously.
My office serves the citizens of Maryland. We are fiscal guardians
of State money. We act deliberately and responsibly. We hope that
our website provides insight and information for you.
Again, thank you for your interest.
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