Maryland Treasurer Nancy Kopp announced Monday she will step down by the end of the year.
Kopp, a Democrat, has been treasurer since 2002. She has been re-elected by the General Assembly to five four-year terms.
The treasurer holds one of three seats on the state’s powerful Board of Public Works, which oversees a large portion of state procurement contracts. The other two board members are the governor and comptroller.
As treasurer, Kopp has served as the state’s chief representative dealing with bond rating agencies and banking firms, responsible for receiving, depositing, investing, and distributing state funds.... Read More: WBAL