Nevada State Treasurer
|Nevada State Treasurer|
|Office website:||Official Link|
|Length of term:||4 years|
|Authority:||Nevada Constitution, Article V, Section 19|
|Next election:||November 4, 2014|
|Last election:||November 2, 2010|
|Other Nevada Executive Offices|
|Governor • Lieutenant Governor • Secretary of State • Attorney General • Treasurer • Controller • Superintendent of Public Instruction • Agriculture Director • Insurance Commissioner • Director of Conservation and Natural Resources • Labor Commissioner • Public Utilities Commission • Employment, Training and Rehabilitation|
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.
The current treasurer of Nevada is Kate Marshall. She was first elected in 2006 and is serving in her second term.
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.
There are no specific qualifications for this office.
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.
As established by Article 5, Section 8 of the Nevada Constitution, in the event of a vacancy, the governor fills the office by appointment. The appointee serves until a successor is elected and qualified.
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.
The treasurer's office is divided into six areas:
- Cash Management
- Debt Management
- 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.
- See also: Compensation of state executive officers
Nevada State Treasurer's Office
101 N. Carson Street, Suite 4
Carson City, NV 89701
Phone: (775) 684-5600
Fax: (775) 684-5781 FAX
- Kate Marshall
- Nevada Governor Jim Gibbons
- Lieutenant Governor of Nevada
- Nevada Attorney General
- Nevada Secretary of State
- Nevada state executive offices
- Nevada Treasurer "About Us" Accessed February 3, 2013
- Nevada News Bureau," "State Treasurer's Office Tells Lawmakers Millennium Scholarship Will Be Short $4.2 Million By End of Fiscal Year 2011", May 3, 2010
- The Council of State Governments,"The Book of States 2010 Table 4.11," retrieved June 22, 2011