Nevada State Treasurer

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Nevada

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The Treasurer of the State of Nevada is the chief financial officer of the government of Nevada.

The treasurer is responsible for maintaining the state funds by investing and maintaining the state budget. The department's main function is to invest state funds, manage college savings plans, keep records of unclaimed property and to ensure money is paid by the state as needed and sufficient records are maintained.

The treasurer is elected every four years.

Current officeholder

The current treasurer of Nevada is Kate Marshall. She was first elected in 2006 and is serving in her second term.

Authority

The state Constitution addresses the office of the state treasurer in Article V, the Executive Department.

Under Article V, Section 19:

A Secretary of State, a Treasurer, a Controller, and an Attorney General, shall be elected at the same time and places, and in the same manner as the Governor.

Qualifications

There are no specific qualifications for this office.

Elections

The State Treasurer Nevada is a publicly elected official who serves a term of four years in length. As specified in Article V, Section 19 of the Nevada State Constitution, a term-limit of two four year terms is imposed on those who occupy this statewide position.

Duties

The treasurer is a member of the State Board of Finance and serves as chair of the Board of Trustees of the College Savings Plan of Nevada. The treasurer also serves as administrator of the Municipal Bond Bank, administrator of the 529 College Savings Plan and Trust Fund, administrator of the Nevada Prepaid Tuition Program and Trust Fund, and administrator of the Fund for a Healthy Nevada and the Trust Fund for Public Health. The treasurer is also administrator of the Nevada Unclaimed Property Division and oversees the Millennium Scholarship Program.

Divisions

The treasurer's office is divided into six areas:[1]

  • Administration
  • Cash Management
  • Debt Management
  • Investments
  • Education Programs
  • Unclaimed Property

Gov. Guinn Millennium Scholarship

The Gov. Guinn Millennium Scholarship was created by the Nevada Legislature in 1999, using funds from a master settlement agreement with major tobacco companies. The scholarship is available to Nevada High School students who graduate with a high enough GPA and who attend college in Nevada. The scholarship has been very popular, with 60,000 students attending college on the scholarship since its inception in 2000. The scholarship program has run into financial difficulties this year, however, because of declining payments from the tobacco companies because of fewer smokers. The Nevada Legislature this year also decided to divert funds from the program to help eliminate a more than $800 million budget shortfall.[2]

Compensation

See also: Compensation of state executive officers

2012

In 2012, the treasurer was paid an estimated $97,000. This figure comes from the Council of State Governments.

2010

In 2010, the Nevada State Treasurer was paid an estimated $97,000 according to the Council of State Governments.[3]

Contact Information

Nevada

Nevada State Treasurer's Office
101 N. Carson Street, Suite 4
Carson City, NV 89701

Phone: (775) 684-5600
Fax: (775) 684-5781 FAX

See also

External links

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References