Responsibilities of the Treasurer’s Office

Second Injury Fund.

Merchant Services.

The Treasurer and Insurance Commissioner offices were combined to form a Chief Financial Officer position heading a new Department of Financial Services. The department provides accounting and auditing services to state agencies, acts as the state’s bank by disbursing and receiving funds into the treasury, and performs other financial duties. The department also performs non-financial regulatory duties, including insurance licensing and fraud investigation, funeral parlor and cemetery licensing, and public assistance fraud investigation. The CFO also acts as State Fire Marshal, certifying firefighters, setting training standards, and investigating potential arson.

Merchant card services and ABLE program.

Municipal bond servicing.

Municipal Revenue Sharing.

 Investment of all state funds; administers ABLE program.

Nebraska Child Support Payment Center, Long-Term Care Savings Plan.

Tax collection and distribution, investments, financial literacy. The treasurer serves on the State Investment Board, State Board of Equalization, State Historical Board, Teachers Fund for Retirement Board, Board of Trust Lands, State Canvassing Board.

Tax administration, revenue collection, revenue estimating, state purchasing manager, various other legislatively designated programs.

Risk Management.

Crime Victims Compensation Program.

Education Savings Account.

The treasurer serves as the trustee of the Indiana State Police Pension Trust.

Social Security Section 218 agreements; merchant card (Procard) services.

STABLE KY (ABLE program) and the Kentucky Financial Empowerment Commission.

 The Treasurer serves on the State Banking Commission, the State Board of Education, the State Board of Community Colleges, the Teachers’ and State Employees’ Retirement System (TSERS) Board of Trustees, the Local Governmental Employees’ Retirement System (LGERS) Board of Trustees, the Supplemental Retirement Plans (SRP) Board of Trustees, the State Health Plan for Teachers and State Employees (SHP) Board of Trustees, the Local Government Commission (LGC), the NC Capital Facilities Finance Agency (NCFFA), the Debt Affordability Advisory Committee and the NC Housing Partnership Board. Other responsibilities include: administration of TSERS, LGERS, SRP, SHP, LGC, and NCCFFA; local government debt approval; and monitoring fiscal health of local governments.

Michigan’s state treasurer is responsible for tax administration, revenue estimating, and muncipal revenue sharing.