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Rhode Island General Treasurer

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Rhode Island General Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2013 FY Budget:  $2,710,773
Term limits:  2 terms
Structure
Length of term:   4 years
Authority:  Rhode Island general laws, § 42-10-1
Selection Method:  Elected
Current Officeholder

Gina Raimondo.jpg
Name:  Gina Raimondo
Officeholder Party:  Democratic
Assumed office:  January 4, 2011
Compensation:  $108,808
Elections
Next election:  November 4, 2014
Last election:  November 2, 2010
Other Rhode Island Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerSuperintendent of EducationAgriculture CommissionerInsurance CommissionerNatural Resources CommissionerLabor CommissionerPublic Service Commission
The General Treasurer of Rhode Island is an elected executive position in the Rhode Island state government. The treasurer is the state's chief banker and financial officer, responsible for receiving and disbursing all state funds.

Current officeholder

The current officeholder is Gina Raimondo. She was first elected on November 2, 2010, and assumed office in January 2011.[1]

Authority

The treasury department, with the general treasurer as its head, is established in the Rhode Island Constitution and Section 42-10-1 of the Rhode Island general laws.

§ 42-10-1:

There shall be a treasury department. The head of the treasury department shall be the general treasurer. The general treasurer shall perform the duties required by this chapter, chapters 11 and 15 of title 5; chapter 4 of title 35; chapter 21 of title 44; and all other provisions of the general laws and public laws insofar as those powers and duties relate to the general treasurer and the treasury department. He or she shall receive all revenues of the state except as may otherwise be specified by law. He or she shall disburse only such sums of money as are authorized by the department of administration, except as may otherwise be provided by law.

Qualifications

According to the Rhode Island Secretary of State, "if you are a registered voter who is 18 years of age or older, you may run for any political office in Rhode Island other than senator in Congress."[2]

  • at least 18 years old
  • a registered voter

Vacancies

Article IV, Section 4 of the state constitution addresses vacancies. In the event of a vacancy in the office of secretary of state, attorney general, or treasurer, the Rhode Island General Assembly elects a successor to fill the remainder of the unexpired term. If the vacancy occurs when the general assembly is not in session, the governor appoints a person to fill the vacancy to serve until a successor is elected by the general assembly.

Elections

Article IV, Section 1 of the state constitution specifies that the offices of state constitution, no person may hold the office of governor, lieutenant governor, secretary of state, attorney general, and treasurer are to be elected every 4 years during the November general election and shall hold their offices beginning the first Tuesday of January next succeeding their election, until their successors are elected and qualified. The offices are elected in mid-term election years (2010, 2014, 2018, et cetera).

Term limits

According to Article IV, Section 1 of the state constitution, no person may hold the office of governor, lieutenant governor, secretary of state, attorney general, or treasurer for more than 2 consecutive four-year terms.

Full History


Duties

The treasurer serves as the state's chief banker. They are responsible for receiving and disbursing all state funds, issuing general obligation notes and bonds, managing the investments of state funds and overseeing the retirement system for state employees, teachers, and some municipal employees. The treasurer also manages the unclaimed property division, the crime victim compensation program and the CollegeBound fund.[3]

Divisions

  • Investments and Finance
  • Employees' Retirement System
  • Crime Victim Compensation Fund
  • Unclaimed Property

State budget

The budget for the Treasury Department in Fiscal Year 2013 was $2,710,773.[4]

Compensation

See also: Compensation of state executive officers

2013

In 2013, the Rhode Island Treasurer was paid an estimated $108,808. This figure comes from the Council of State Governments.[5]

2012

In 2012, the Rhode Island Treasurer was paid an estimated $108,808. This figure comes from the Council of State Governments.

Historical officeholders

Recent news

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"Rhode+Island"+General+Treasurer&um=1&ie=UTF-8&output=rss Rhode Island General Treasurer News Feed

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Contact information

Rhode Island

Treasury Office
State House, Room 102
Providence, RI 02903

Phone: (401) 222-2397
Fax: (401) 222-6140
E-mail: General information

See also

External links

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Suggest a link

References