While the entire Office of the Attorney General (OAG) serves as a resource to the Treasurer, three assistant attorneys general have been assigned to the State Treasurer’s Office to provide direct, full time legal support on a full range of services including:

The Division Director and Principal Counsel

Advise the Treasurer and Office staff on a variety of issues affecting the Office and its interaction with federal, State and local government agencies, contractors and the public.

Serve as in-house counsel for the issuance of General Obligation bonds, frequent capital equipment and energy lease financings, and periodic Build America Bonds, Qualified School Construction Bonds, and Qualified Zone Academy Bonds.

Act as a legal resource for other State agencies regarding their proposed uses of tax-exempt bond money for capital projects.

At the request of the Treasurer, provide advice, counsel and legal analysis of the Treasurer’s constitutional and statutory powers and responsibilities.

Provide advice, counsel and legal analysis on matters before various boards and commissions on which the Treasurer serves, principally the Board of Public Works.

Serve as counsel regarding administration, procurement, and personnel matters in the State Treasurer’s Office.

Provide advice and assistance on the procurement and administration of a wide variety of financial service contracts for the Office, as well as for other State agencies, including banking, finance, investment and related information technology services.

Provide analysis and advice to the Insurance Division on procurement and administration of commercial insurance policies and on general insurance issues.

Provide advice and counsel to the Treasurer and Office management on personnel matters, including disciplinary matters, and represent the Office in personnel proceedings.

The Deputy Counsel, Tort Claims Litigation Unit

The goal of the TCLU is to bring consistency to the defense and resolution of cases brought against the State and its agencies under the Maryland Tort Claims Act by employing effective defense strategies, controlling State risk and containing litigation costs.

Primary Functions of the OAG

The OAG serves as counsel to the Treasurer and Office staff on many varied issues affecting the State Treasurer’s Office including legislative, administration, litigation and personnel matters.

The Office of the Attorney General participates in the issuance of all State of Maryland General Obligation Bonds and in the capital lease financing of equipment acquisitions and energy performance contracts.

The OAG’s involvement with bond sales begins with review and comment to both the Department of Budget and Management and to the staff of the General Assembly on annual enabling legislation and individual bond bills. The OAG participates in the preparation and review of official statements and other offering documents, including authorizing resolutions of the Board of Public Works. For all loans authorized since 1989, the OAG researches and writes bond counsel opinions for joint signature with the Attorney General.

Ongoing legal advice is provided, as needed, to various State agencies that receive General Obligation Bond funding concerning federal tax code restrictions on use of bond proceeds. Of particular concern are changes in use, and private business use of facilities that have been financed with the proceeds of tax-exempt bonds.

Two law firms are under contract with the Attorney General to provide bond counsel services for the State Treasurer’s Office: Ballard Spahr LLP and Kutak Rock, LLP.

At the request of the Treasurer, the OAG attorneys review all agenda items that come before the Board of Public Works, including proposed legal settlements and insurance matters, provide suggested questions and comments to a Deputy Treasurer concerning legal, procurement and funding issues, and attend Board of Public Works meetings to be available to the Treasurer for legal advice.

As a Primary Procurement Unit, the State Treasurer’s Office is generally responsible for the procurement of all State banking, finance and insurance contracts. The Treasurer’s Office is responsible for contract administration of its own contracts and agreements for banking, finance, investments, insurance and information technology, as well as for banking and finance contracts for other agencies. The OAG is engaged in all contract and procurement issues, including Request for Proposals, Invitations for Bids, contract modifications, claims, protests and appeals.

Under the supervision of the Deputy Counsel, the TCLU:

  • Drafts and reviews MTCA-related legislation and regulations.
  • Advises the Treasurer’s Office Insurance Division on many of the approximately 4,000 tort and auto claims filed each year under the Maryland Tort Claims Act (MTCA).
  • Provides legal representation to the State, its agencies and employees in Federal and State Courts in the defense of cases brought under the MTCA.
  • Provides litigation support to the Assistant Attorneys General throughout State agencies who also defend cases brought under the MTCA, including:
    • Training attorneys and serving as a resource for developing trial strategies
    • Recommending and approving the use of expert witnesses
    • Writing and reviewing briefs, memoranda, and motions
    • Reviewing and advising on the litigation and settlement of these cases
  • Participates in all appellate litigation in cases involving the MTCA

We are developing an online portal to streamline the process of setting up new agency accounts. In the meantime, please complete this temporary PDF form. To ensure the security of your sensitive information, please only fax the completed form to us at (410) 974-2076 or send via regular mail to the address listed below. We apologize for the inconvenience and appreciate your patience as we transition to the new online system. 


Maryland State Treasurer’s Office 

Banking Services

80 Calvert Street

Annapolis, MD 21401

Lockbox Banking Services

Solicitation Number:

RFP #LB-10192023


Lockbox Banking Services

Issue Date:


Proposals Due: 


Award Date:



Solicitation Letter

Financial Proposal Form


Amendment #2

Questions & Answers #1

Questions & Answers #2 (2 of 2)



The State Treasurer’s Office (“STO”) is an agency of the State of Maryland. Information on Maryland State General Obligation Bonds will be available to you after you read and acknowledge this disclaimer. The Official Statements linked to the Debt Management section of the STO website (the “Official Statements Webpage”) is the only information on this site intended to reach the investing public, including Maryland State General Obligation bondholders, rating analysts, financial advisors, or any other members of the investment community.

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Contact Person

If you need help downloading Official Statements or other information, or would like to obtain copies of printed Official Statements, please contact the STO’s Debt Management Division at (410) 260-7920.


All information contained in the STO Official Statements Webpage is obtained from sources believed to be accurate and reliable. Refer to the Official Statement of each series for complete information on that issue. This information, however, is prepared “without audit” unless otherwise identified as audited financial information. Due to the possibility of human or mechanical error as well as other factors, this information is provided “as is” without warranty of any kind and the STO makes no representation, express or implied, as to the accuracy, reliability, completeness, or timeliness of this information, and is not responsible for any loss or damages incurred by parties using this information.

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The Official Statements located on the Official Statements Webpage have been included for general informational purposes only and no person should make any investment decision in reliance upon the information contained herein. The Official Statements Webpage and the information contained herein do not constitute an offer to sell or the solicitation of any offer to buy any securities. The STO currently anticipates that the disclosure documents prepared from time to time in connection with the offering and sale of securities by the State of Maryland may contain information updating or supplementing the information presented at this website. In addition, certain financial information and operating data, as well as information regarding certain material developments concerning the State of Maryland and securities from time to time issued by it, may be filed with the continued disclosure service established by the Municipal Securities Rulemaking Board known as the Electronic Municipal Market Access “EMMA” system, The STO in its discretion will determine whether to include such updated information on its website or to otherwise supplement, update or modify the information at this website. Furthermore, the information in each document or file is dated as of the date or dates indicated, and the STO disclaims any duty or obligation either to update the information contained at the Official Statements Webpage or to maintain the availability of such information. Such supplemental, updated or modified information may be obtained from the website cited above.

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The STO maintains the Official Statements Webpage to provide you with information, and for education and communication. Please feel free to browse the site. You may download material displayed on this site for non-commercial, personal use only provided you also retain all copyright and other proprietary notices contained on the materials. You may not, however, distribute, modify, transmit, reuse, repost, or use the contents of this site for public or commercial purposes, including the text, images, audio, and video without the permission of the STO.

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I acknowledge that I am entering an area of the website for historical archived documents; that each archived documents speaks only as of its date; and that the STO has undertaken no obligation to update the information.

Acknowledgement of Disclaimer

I have read the foregoing disclaimer and expressly agree to each of its terms; I also understand that, as indicated above, official forms of disclosure documents are available elsewhere and that material information important to the making of informed investment decisions may have been posted elsewhere.