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Tennessee Treasurer
| Tennessee State Treasurer | |
 | |
| General information | |
| Office Type: | Non-partisan |
| Office website: | Official Link |
| 2011-2012 FY Budget: | $24,513,900 |
| Term limits: | None |
| Structure | |
| Length of term: | 2 years |
| Authority: | Tennessee Constitution, Article VII, Section 3 |
| Selection Method: | Elected by the General Assembly |
| Current Officeholder | |
 | |
| Name: | David Lillard, Jr. |
| Assumed office: | January 15, 2009 |
| Compensation: | $182,880 |
| Other Tennessee Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Comptroller • Treasurer • Superintendent of Education • Agriculture Commissioner • Insurance Commissioner • Natural Resources Commissioner • Labor Commissioner • Public Service Commission | |
Contents |
Current officeholder
The current officeholder is David Lillard, Jr. He was first appointed to the position in January 2009.
Authority
The office of treasurer is established in the Article VII, Section 3 of the state constitution.
Article VII, Section 3:
| There shall be a treasurer or treasurers and a comptroller of the treasury appointed for the state, by the joint vote of both Houses of the General Assembly who shall hold their offices for two years. |
Appointments
Article VII, Section 3 of the state constitution stipulates that the treasurer shall be appointed by the joint vote of both houses of the general assembly and shall hold office for two years.
Vacancies
According to Article III, Section 14 of the state constitution, in the event of a vacancy in the office the Tennessee General Assembly shall elect a successor. If the vacancy occurs during a recess of the legislature, the governor shall have the power to fill the vacancy by appointment, which shall expire at the end of the next session of the legislature.
Duties
The primary duties of the treasurer are:
- receiving and disbursing public funds
- managing all State investments, including the pension fund
- administering three major employee benefit programs, including the Tennessee Consolidated Retirement System, the Deferred Compensation Program, and the Flexible Benefits Plan
- operating the Unclaimed Property, College Savings (Section 529 Plans), and Small and Minority-Owned Business programs
- overseeing the risk management program and handling and adjudicating all claims made against the State[1]
State budget
The budget for the Treasury Department in Fiscal Year 2011-2012 was $24,513,900.[2]
Compensation
- See also: Compensation of state executive officers
In 2012, the Tennessee Treasurer was paid an estimated $182,880 according to the Council of State Governments.
Contact information
Tennessee State Treasurer
Tennessee State Capitol, 1st Floor
600 Charlotte Avenue
Nashville, TN 37243-0255
Phone: (615) 741-2956
See also
External links
References
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