South Carolina Treasurer
| South Carolina Treasurer | |
 | |
| General information | |
| Office Type: | Partisan |
| Office website: | Official Link |
| 2012-2013 FY Budget: | $5,584,285 |
| Term limits: | None |
| Structure | |
| Length of term: | 4 years |
| Authority: | South Carolina Constitution, Article VI, Section 7 |
| Selection Method: | Elected |
| Current Officeholder | |
 | |
| Name: | Curtis Loftis, Jr. |
| Officeholder Party: | Republican |
| Assumed office: | January 2011 |
| Compensation: | $92,007 |
| Elections | |
| Next election: | November 4, 2014 |
| Last election: | November 2, 2010 |
| Other South Carolina Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Comptroller • Attorney General • Treasurer • Auditor • Adjutant General • Inspector General • Superintendent of Education • Agriculture Commissioner • Insurance Commissioner • Natural Resources Commissioner • Labor Commissioner • Public Service Commission | |
Contents |
Current officeholder
The current officeholder is Curtis Loftis, Jr. He was first elected in 2010.
Authority
The South Carolina Treasurer's authority is established in Article VI, Section 7 of the state constitution.
Article VI, Section 7:
| There shall be elected by the qualified voters of the State a Secretary of State, an Attorney General, a Treasurer, a Superintendent of Education, Comptroller General, Commissioner of Agriculture, and an Adjutant General who shall hold their respective offices for a term of four years, coterminous with that of the Governor. The duties and compensation of such offices shall be prescribed by law and their compensation shall be neither increased nor diminished during the period for which they shall have been elected. |
Qualifications
Article VI, Section 7 of the South Carolina Constitution establishes the qualifications of the office:
| No person may be popularly elected to and serve in any office in this State or its political subdivisions unless he possesses the qualifications of an elector, is not disqualified by age as prescribed in this Constitution, and has not been convicted of a felony under state or federal law or convicted of tampering with a voting machine, fraudulent registration or voting, bribery at elections, procuring or offering to procure votes by bribery, voting more than once at elections, impersonating a voter, or swearing falsely at elections/taking oath in another's name, or has not pled guilty or nolo contendere to these offenses. However, notwithstanding any other provision of this Constitution, this prohibition does not apply to a person who has been pardoned under state or federal law or to a person who files for public office fifteen years or more after the completion date of service of the sentence, including probation and parole time, nor shall any person, serving in office prior to the ratification of this provision, be required to vacate the office to which he is elected. No person may be elected or appointed to office in this State for life or during good behavior, but the terms of all officers must be for some specified period except officers in the militia. |
- possess the qualities of an elector
- not disqualified by age as prescribed in this Constitution
- has not been convicted of a felony under state or federal law or convicted of tampering with a voting machine, fraudulent registration or voting, bribery at elections, procuring or offering to procure votes by bribery, voting more than once at elections, impersonating a voter, or swearing falsely at elections/taking oath in another's name, or has not pled guilty or nolo contendere to these offenses
Elections
Article VI, Section 7 of the state constitution stipulates the treasurer will be elected every four years, to a term of four year term. The treasurer, like South Carolina's other executive officials, is elected in mid-term elections: 2010, 2014, and 2018.
Duties
The treasurer is the chief banker of the state of South Carolina, responsible for the investment, cash management, and safekeeping of the state's general and restricted funds and assets of the state's retirement systems.[1]
The treasurer is a member of the following state boards and commissions:
- State Budget & Control Board
- South Carolina Retirement System Investment Commission
- State Board of Financial Institutions
- South Carolina Tobacco Authority
- South Carolina Education Authority
Divisions
- Administration
- Court Fines
- Debt Management
- Investments
- Treasury Management
State budget
The budget for the in Fiscal Year 2012-2013 was $5,584,285.[2]
Compensation
In 2010, the South Carolina Treasurer was paid an estimated $92,007 according to the Council of State Governments.[3]
Contact information
South Carolina State Treasurer
1200 Senate Street
Wade Hampton Office Building
Columbia, SC 29201
Phone: (803) 734-2101
Fax: (803) 734-2690
Unclaimed property: (803) 737-4771
Division phone numbers and e-mail addresses
See also
External links
References
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