Maryland lawmakers reelect Dereck Davis treasurer

today02/22/2023 39

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ANNAPOLIS, Md. (AP) — Maryland lawmakers have reelected Dereck Davis to be the state’s treasurer. The General Assembly voted to reelect Davis on Tuesday.

The treasurer holds one of three seats on the state’s powerful Board of Public Works, along with the governor and comptroller. The board controls state procurement policy and approves most state contracts that are more than $200,000. The treasurer also is the principal custodian of the state’s cash deposits, money from bond sales and other securities, and directs the investments of those assets.

He leads several key state boards and financial planning committees, including the Maryland State Retirement and Pension Systems.

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