Nebraska Treasurer
| Nebraska Treasurer | |
 | |
| General information | |
| Office Type: | Partisan |
| Office website: | Official Link |
| 2012-13 FY Budget: | $1,389,129 |
| Term limits: | 2 consecutive terms |
| Structure | |
| Length of term: | 4 years |
| Authority: | Nebraska Constitution, Article IV, Section I |
| Selection Method: | Elected |
| Current Officeholder | |
 | |
| Name: | Don Stenberg |
| Officeholder Party: | Republican |
| Assumed office: | 2010 |
| Compensation: | $85,000 |
| Elections | |
| Next election: | November 4, 2014 |
| Last election: | November 2, 2010 |
| Other Nebraska Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Auditor • Commissioner of Education • Agriculture Director • Insurance Director • Natural Resources Director • Labor Commissioner • Public Service Commission | |
Contents |
The treasurer is responsible for maintaining the state funds by investing and maintaining the state budget. The department's main purpose is to invest state funds and maintaining accurate records of transactions enacted by the state. The state office also disperses funds to local governments as needed, keeps track of unclaimed property and helps with investments.
The treasurer is elected every four years.
Current officeholder
The current treasurer of Nebraska is Don Stenberg (R). He was elected in 2010 and is serving in his first term. Stenberg was raised in Tekamah, Nebraska. His parents operated a small business out of their home. Before going to college, Stenberg worked on a farm, mowed lawns, and worked as a life guard. He attended the University of Nebraska and won an athletic scholarship to run track. He went on to earn both an MBA and JD from Harvard.
After graduating from law school, Stenberg entered private practice in Lincoln where he practiced until 1979, when he was named legal counsel to the Governor of Nebraska. He served in several capacities while working for the governor, including Director of the Governor's Policy Research Office, Assistant to the Governor, and Director of the Nebraska Department of Administrative Services. Stenberg served as the Attorney General of Nebraska from 1991 to 2003.[1]
Education:
- BA, University of Nebraska at Lincoln
- MBA, Harvard Business School
- JD, Harvard Law School
Authority
The state Constitution addresses the office of treasurer in Article IV, the Executive Department.
Under Article IV, Section I:
|
The executive officers of the state shall be the Governor, Lieutenant Governor, Secretary of State, Auditor of Public Accounts, State Treasurer, Attorney General, and the heads of such other executive departments as set forth herein or as may be established by law. |
Elections
Nebraska elects treasurers every four years during the mid-term elections, thus, 2010, 2014, and 2018 are all treasurer election years.
Term limits
Article IV, Section 3 of the state Constitution sets a limit of two consecutive terms for treasurers. After two consecutive terms a person becomes eligible to run again for the position after four years and/or one full term.
Vacancies
As established by Article IV, Section 11 of the Nebraska Constitution, in the event of a vacancy in the office of treasurer, the governor fills the office by appointment. The appointee serves until a successor is elected and qualified.
Divisions
In addition to the Treasurer's Office, there are five other main divisions within the office of the Nebraska State Treasurer:[2]
- Treasury Management Division
- Unclaimed Property Division
- College Savings Division
- Long-Term Care Savings Division
- Child Support Division
Duties
Some of the duties of the Nebraska Treasurer include:[3]
- Responsible for receipting in all monies from state government from taxes to tuition.
- Responsible for returning money, stocks, bonds, dividends, utility deposits, vendor payments, gift certificates and insurance proceeds to the rightful owners.
- The State Treasurer is the trustee of the Nebraska College Savings Program, a nationally distributed 529 plan that helps parents and grandparents save for their children’s and grandchildren’s education.
- Responsible for the centralized receipting and disbursing of child support and related court-ordered payments.
- The Nebraska Long-Term Care Savings Plan: A Nebraska-based plan providing state tax deductions and tax-free withdrawals for expenses and insurance premiums depending upon age and circumstance.
- NebraskaSpending.gov: A website, maintained by the State Treasurer’s Office, that discloses how the State of Nebraska spends and receives funds.
State budget
The budget for the Treasurer's office in Fiscal Year 2012-13 was $1,389,129.[4]
Compensation
- See also: Compensation of state executive officers
In 2012, the Nebraska Treasurer was paid an estimated $85,000 according to the Council of State Governments.
The state Constitution addresses compensation for state executive officials in Article IV, Section 25.
|
The officers provided for in this article shall receive such salaries as may be provided by law. Such officers, or such other officers as may be provided for by law, shall not receive for their own use any fees, costs, or interest upon public money in their hands. |
Contact information
Nebraska State Treasurer's Office
Room 2005, State Capitol Bldg
PO Box 94788
Lincoln, NE 68509-4788
Phone: (402)471-2455
Fax: (402)471-4390
See also
- Treasurer
- Don Stenberg
- Nebraska Governor Dave Heineman
- Lieutenant Governor of Nebraska
- Nebraska Attorney General
- Nebraska Secretary of State
External links
References
- ↑ Nebraska Treasurer, "About state treasurer Don Stenberg," accessed January 9, 2012
- ↑ Nebraska Treasurer "About" Accessed August 4, 2012
- ↑ Nebraska Treasurer "Responsiblities" Accessed August 4, 2012
- ↑ Nevada Legislative Counsel Bureau, "2011-2013 General Fund Appropriations Summary," accessed April 17, 2013
| |||||||||||||||||
