Georgia Treasurer

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Georgia Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2013 FY Budget:  $3,446,288
Term limits:  None
Structure
Length of term:   Serves at the pleasure of the State Depository Board
Authority:  Georgia Code, 50-5A-1
Selection Method:  Appointed by the State Depository Board
Current Officeholder

Steve McCoy.jpg
Name:  Steve McCoy
Assumed office:  November 2011
Compensation:  $130,927
Other Georgia Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorSuperintendent of SchoolsAgriculture CommissionerInsurance CommissionerNatural Resources CommissionerLabor CommissionerPublic Service Commission
The Georgia Treasurer is a state executive position in the Georgia state government. The treasurer's office is "responsible for the receipt and disbursement of state funds and lottery funds, management of the state's cash resources, Georgia Fund 1 and the Georgia Extended Asset Pool."[1] Additionally, the treasurers' office administers the Path2College529 Plan, a college savings plan offered by the state.

Current officeholder

The current officeholder is Steve McCoy. He was appointed in October 2011.[2]

Authority

The office of treasurer is established by state law.[3]

Georgia Code, 50-5A-1

There is created the Office of the State Treasurer. The state treasurer shall be both appointed and removed by the State Depository Board and shall be in the unclassified service. The state treasurer shall hire the personnel for the office and shall supervise, direct, account for, organize, plan, and execute the functions vested in the office.

Qualifications

There are no particular qualifications required of Georgia treasurers.

Appointments

The treasurer is appointed by the State Depository Board, a state agency composed of the governor, the insurance commissioner, the state accounting officer, the commissioner of banking and finance, the the commissioner of transportation, and, when the position is filled, the state treasurer himself.[4]

The treasurer serves at the board's pleasure.[3]

Term limits

There are no term limits associated with the office of treasurer.

Vacancies

If a vacancy in the office occurs, the State Depository Board appoints a new officeholder.[5]

Duties

The treasurer's office is responsible for the receipt and disbursement of state funds and lottery funds, management of the state's cash resources, Georgia Fund 1 and the Georgia Extended Asset Pool.

Divisions

  • Cash Management
  • Investments
  • Georgia College Savings[6]

State budget

The budget for the Office of State Treasurer in Fiscal Year 2013 was $3,446,288.[7]

Compensation

In 2010, the treasurer received a salary of $130,927.

Recent news

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Contact info

Georgia

Address:
200 Piedmont Avenue
Suite 1202 West Tower
Atlanta, GA 30334
Phone: (404) 656-2168
Fax: (404) 656-9048
E-mail: OTFSweb@otfs.ga.gov

See also

External links

References