|Office website:||Official Link|
|Length of term:||4 years|
|Authority:||Maryland Constitution, Article 6, Section 1|
|Selection Method:||Appointed by the State Legislature|
|Name:||Nancy K. Kopp|
|Assumed office:||February 14, 2002|
|Other Maryland Executive Offices|
|Governor • Lieutenant Governor • Secretary of State • Attorney General • Comptroller • Treasurer • Superintendent of Education • Agriculture Secretary • Insurance Commissioner • Natural Resources Commissioner • Secretary of Labor • Public Service Commission|
The Maryland Treasurer is a state executive position in the Maryland state government. Elected to a four-year term by the General Assembly, the treasurer manages the money of the state.
Article 6, Section 1:
|There shall be a Treasury Department, consisting of a Comptroller chosen by the qualified electors of the State, who shall receive such salary as may be fixed by law; and a Treasurer, to be appointed...|
Maryland treasurers are appointed by the two houses of the state legislature at the beginning of each regular session in which begins the term of Governor. Thus, 2007, 2011 and 2015 are treasurer appointment years.
The treasurer qualifies within one month of his or her appointment.
Article 6, Section 1:
|In case of a vacancy in the office of the Treasurer by death or otherwise, the Deputy Treasurer shall act as Treasurer until the next regular or extraordinary session of the Legislature following the creation of the vacancy, whereupon the Legislature shall choose a successor to serve for the duration of the unexpired term of office.|
The Treasurer is the principal custodian of the State's cash deposits, monies from bond sales, and other securities and collateral and directs the investments of those assets.
The Treasurer's duties include maintaining an ongoing relationship with the rating agencies, conducting outreach with State Agencies, keeping legislators informed of the operations of the State Treasurer's Office, and serving on numerous boards and commissions including the Board of Public Works, the State's highest administrative council.
The Treasurer's Office includes an Executive Office and seven Divisions:
- Banking Services
- Data Processing
- Debt Management
- Legal Office
- See also: Compensation of state executive officers
Maryland State Treasurer's Office
Office of the State Treasurer
Treasury Bldg, Room 109
80 Calvert St.
Annapolis, MD 21401-1991