State treasurer

The State Treasurer is a key government official responsible for the financial management and oversight of a state's funds. The role of the state treasurer includes managing the state's investments, overseeing the issuance of bonds, and ensuring the proper collection and disbursement of state funds.

Responsibilities

The primary responsibilities of a state treasurer include:

• Investment Management: Overseeing the investment of state funds to ensure optimal returns while maintaining safety and liquidity.
• Debt Management: Managing the state's debt portfolio, including the issuance and repayment of bonds.
• Cash Management: Ensuring that the state has sufficient liquidity to meet its financial obligations.
• Financial Reporting: Providing accurate and timely financial reports to the government and the public.
• Pension Fund Oversight: In some states, the treasurer is responsible for managing public pension funds.

Election and Term

State treasurers are typically elected by the public or appointed by the governor, depending on the state's constitution. The term length can vary, but it is commonly four years.

Importance

The state treasurer plays a crucial role in maintaining the financial health of the state. By managing investments and debt effectively, the treasurer helps ensure that the state can fund essential services and infrastructure projects.

See Also

• State government
• Public finance
• Bond (finance)
• Investment management

References

• [National Association of State Treasurers](https://www.nast.org/)
• [Council of State Governments](https://www.csg.org/)

External Links

• [Official website of the National Association of State Treasurers](https://www.nast.org/)