Table 4.26

Responsibilities of the Treasurer’s Office


FIPS State or other
jurisdiction
Cash management Banking services Investment of
retirement funds
Investment of
trust funds
Deferred compensation Management of
bonded debt
Bond insurance Debt service Arbitrage Unclaimed property Archives for disbursement
of documents
College savings Collateral programs Local government
investment pool
Other
01Alabama
02Alaska*
04Arizona*
05Arkansas
06California*
08Colorado*
09Connecticut*(a)
10Delaware*(b)
12Florida(c)
13Georgia(d)
15Hawaii
16Idaho*
17Illinois*
18Indiana*(n)
19Iowa(d)
20Kansas*(e)
21Kentucky*(p)
22Louisiana*
23Maine(f)
24Maryland
25Massachusetts*
26Michigan(r)
27Minnesota*
28Mississippi
29Missouri(g)
30Montana*(o)
31Nebraska(h)
32Nevada(m)
33New Hampshire
34New Jersey*
35New Mexico*
36New York*
37North Carolina*(q)
38North Dakota(i)
39Ohio*
40Oklahoma
41Oregon*
42Pennsylvania*
44Rhode Island*(l)
45South Carolina*
46South Dakota
47Tennessee*
48Texas*(j)
49Utah*
50Vermont
51Virginia(k)
53Washington
54West Virginia
55Wisconsin
56Wyoming*
11Dist. of Columbia*

Source:

The Council of State Governments' survey of state treasurers offices, 2022.

Key:

* Information from The Council of State Governments’ survey of state treasurers’ offices and review of state websites, 2021.
✓ ― Responsible for activity.
✕ ― Not responsible for activity.

Footnotes:

(a) Second Injury Fund.
(b) Merchant Services.
(c) 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.
(d) Merchant card services and ABLE program.
(e) Municipal bond servicing
(f) Municipal Revenue Sharing.
(g)  Investment of all state funds; administers ABLE program.
(h) Nebraska Child Support Payment Center, Long-Term Care Savings Plan.
(i) 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.
(j) Tax administration, revenue collection, revenue estimating, state purchasing manager, various other legislatively designated programs.
(k) Risk Management.
(l) Crime Victims Compensation Program.
(m) Education Savings Account
(n) The treasurer serves as the trustee of the Indiana State Police Pension Trust.
(o) Social Security Section 218 agreements; merchant card (Procard) services.
(p) STABLE KY (ABLE program) and the Kentucky Financial Empowerment Commission
(q)  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.
(r) Michigan's state treasurer is responsible for tax administration, revenue estimating, and muncipal revenue sharing