Difference between revisions of "Oklahoma Treasurer"

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{{Oklahoma SEO infobox}}{{tnr}}The '''Oklahoma Treasurer''' is an elected position in the [[Oklahoma]] state government. The [[Treasurer|treasurer]] is the chief financial officer of the state and acts as the state banker. The treasurer's office is responsible for managing the state's money, investments, pay offs of bond interest and loans, and the state's unclaimed property program.
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{{SEO office infobox
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|State = Oklahoma
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|Office=Oklahoma Treasurer
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|Office type =  Partisan
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|Image =Seal of Oklahoma.svg.png
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|Office website = http://www.ok.gov/treasurer/
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|Budget = 5984000
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|Budget year =2012
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|Seats =
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|Term limits = 8 years
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|Length of term = 4 years
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|Authority =[[Article VI, Oklahoma Constitution|Oklahoma Constitution, Article VI, Section 1]]
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|Selected = Elected
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|Chair =
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|Current officeholder = Ken Miller (Oklahoma)
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|Partisan = Republican
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|Officeholder image = MillerKen.jpg
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|Assumed office =  January 10, 2011
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|Compensation = 114,713
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|Next election =[[Oklahoma down ballot state executive elections, 2014|November 4, 2014]]
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|Last election=November 2, 2010
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|Other offices = [[Governor of Oklahoma|Governor]] • [[Lieutenant Governor of Oklahoma|Lieutenant Governor]] • [[Oklahoma Secretary of State|Secretary of State]] • [[Oklahoma Attorney General|Attorney General]] • [[Oklahoma Treasurer|Treasurer]] • [[Oklahoma Auditor|Auditor]] • [[Oklahoma Superintendent of Public Instruction|Superintendent of Education]] • [[Oklahoma Commissioner of Agriculture|Agriculture Commissioner]] • [[Oklahoma Commissioner of Insurance|Insurance Commissioner]] • [[Oklahoma Director of Wildlife Conservation|Natural Resources Commissioner]] • [[Oklahoma Commissioner of Labor|Labor Commissioner]] • [[Oklahoma Corporation Commission|Public Service Commission]]
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}}{{tnr}}The '''Oklahoma Treasurer''' is an elected position in the [[Oklahoma]] state government. The [[Treasurer|treasurer]] is the chief financial officer of the state and acts as the state banker. The treasurer's office is responsible for managing the state's money, investments, pay offs of bond interest and loans, and the state's unclaimed property program.
  
 
==Current officeholder==
 
==Current officeholder==
The current treasurer of Oklahoma is [[Ken Miller]]. He was first elected to the position in November, 2010 and assumed office on January 10, 2011.
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The current treasurer of Oklahoma is [[Ken Miller (Oklahoma)|Ken Miller]]. He was first elected to the position in November, 2010 and assumed office on January 10, 2011.
  
 
==Authority==
 
==Authority==
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The office of the Oklahoma Treasurer is established in [[Article VI, Oklahoma Constitution|Article VI, Section 1]] of the [[Oklahoma Constitution]].
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'''Article VI, Section 1:'''
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{| style="width:60%; background:#F08080; margin-top:.1em; border:.5px solid #cccccc; solid;"
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|color:#000"|
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|-
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| A. The Executive authority of the state shall be vested in a Governor, Lieutenant Governor, Secretary of State, State Auditor and Inspector, Attorney General, State Treasurer, Superintendent of Public Instruction, Commissioner of Labor, Commissioner of Insurance and other officers provided by law and this Constitution, each of whom shall keep his office and public records, books and papers at the seat of government, and shall perform such duties as may be designated in this Constitution or prescribed by law.
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B. The Secretary of State shall be appointed by the Governor by and with the consent of the Senate for a term of four (4) years to run concurrently with the term of the Governor.
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|-
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|}
  
 
==Qualifications==
 
==Qualifications==
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'''Article VI, Section 3''' of the [[Oklahoma Constitution]] establishes the qualifications of the office:
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{| style="width:60%; background:#F08080; margin-top:.1em; border:.5px solid #cccccc; solid;"
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|color:#000"|
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|-
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| No person shall be eligible to the office of Governor, Lieutenant Governor, Secretary of State, State Auditor and Inspector, Attorney General, State Treasurer or Superintendent of Public Instruction except a citizen of the United States of the age of not less than thirty-one (31) years and who shall have been ten (10) years next preceding his or her election, or appointment, a qualified elector of this state.
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|-
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|}
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* a citizen of the United States.
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* at least 31 years old.
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* a qualified elector of Oklahoma for the 10 preceding years.
  
 
==Elections==
 
==Elections==
 
The Oklahoma Treasurer is elected every years, in mid-term elections. The position is elected in 2006, 2010, 2014, and 2018.  
 
The Oklahoma Treasurer is elected every years, in mid-term elections. The position is elected in 2006, 2010, 2014, and 2018.  
  
On March 14, 2011, the [[Oklahoma State Senate]] approved a bill that would give the governor the power to appoint 7 of the 11 statewide elected officials, including the treasurer.  The Senate would have to confirm all appointments.  Voters will decide whether to approve the measure.<ref>[http://www.kfor.com/news/sns-ap-ok-xgr--governorappointees,0,5324911.story ''KFOR,'' "Okla voters could decide to expand governor's power to appoint current elected officials," March 14, 2011]</ref>
 
 
===Term limits===
 
===Term limits===
 
No person may serve as the Oklahoma Treasurer for more than 8 years, excluding years served for less than a full term to fill a vacancy in the office.<ref>Article 6, Section 4, Oklahoma Constitution</ref>
 
No person may serve as the Oklahoma Treasurer for more than 8 years, excluding years served for less than a full term to fill a vacancy in the office.<ref>Article 6, Section 4, Oklahoma Constitution</ref>
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==Duties==
 
==Duties==
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The Oklahoma Treasurer has a number of constitutional and statutory duties:<ref>[http://www.ok.gov/treasurer/Inside_the_Office/index.html ''OK.gov,'' "Inside the Oklahoma state treasurer's office," accessed September 27, 2011]</ref>
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*receive, deposit, and disburse all state funds
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*invest temporary surplus funds
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*invest specific funds for other state agencies where authorized
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*require banks to furnish collateral sufficient to secure deposits of state and other public funds
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*paying of interest on the state's bonded debt and the redeeming of the debt at maturity
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*maintain a safekeeping operation for securities owned by various state agencies, and those securities pledged as collateral to other state agencies;
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*process and distribute all State checks (known as warrants);
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*administer the Business Link and Agricultural Link Programs; and
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*administer the Unclaimed Property Program.
  
 
==Divisions==
 
==Divisions==
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[[File:OK Tres org chart.JPG|300px|thumb|right|Click [http://web1.ballotpedia.org/wiki/images/OK_Tres_org_chart.JPG here] to view a larger-scale image of the Oklahoma Treasurer's Office Organizational Chart as of March 28, 2013.]]
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*Accounting
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*Banking Services
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*Budget & Finance
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*Information Services
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*Securities Operations
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*Unclaimed Property
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==State budget==
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The budget for the Treasurer's office in Fiscal Year 2012 was $5,984,000.<ref> [http://www.ok.gov/OSF/documents/bud14hd.pdf#page=232&zoom=auto,0,762 ''Office of Management and Enterprise Services,'' "FY-2014 Executive Budget Historical Document,"  accessed April 11, 2013] </ref>
  
 
==Compensation==
 
==Compensation==
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In 2010, the Oklahoma Treasurer was paid an estimated $114,713 according to the [[Council of State Governments]].<ref>[http://knowledgecenter.csg.org/drupal/system/files/Table_4.11.pdf ''The Council of State Governments'',"The Book of States 2010 Table 4.11," retrieved May 14, 2011]</ref>
  
 
==Contact Information==
 
==Contact Information==
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==See also==
 
==See also==
 
*[[Treasurer]]
 
*[[Treasurer]]
*[[Ken Miller]]
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*[[Ken Miller (Oklahoma)|Ken Miller]]
 
*[[Brad Henry|Oklahoma Governor Brad Henry]]
 
*[[Brad Henry|Oklahoma Governor Brad Henry]]
 
*[[Lieutenant Governor of Oklahoma]]
 
*[[Lieutenant Governor of Oklahoma]]
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{{State executive offices}}
 
{{State executive offices}}
  
[[Category:Alabama]]
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[[Category:Oklahoma]]
[[Category:Offices of the American treasurers]]
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[[Category:Offices of the American state treasurers]]
 
[[Category:Oklahoma state executive offices]]
 
[[Category:Oklahoma state executive offices]]

Revision as of 15:23, 11 April 2013

Oklahoma Oklahoma Treasurer
General information
Office Type:  Partisan
Office website:  Official Link
2012 FY Budget:  $5,984,000
Term limits:  8 years
Structure
Length of term:   4 years
Authority:  Oklahoma Constitution, Article VI, Section 1
Selection Method:  Elected
Current Officeholder

MillerKen.jpg
Name:  Ken Miller (Oklahoma)
Officeholder Party:  Republican
Assumed office:  January 10, 2011
Compensation:  $114,713
Elections
Next election:  November 4, 2014
Last election:  November 2, 2010
Other Oklahoma Executive Offices
GovernorLieutenant GovernorSecretary of StateAttorney GeneralTreasurerAuditorSuperintendent of EducationAgriculture CommissionerInsurance CommissionerNatural Resources CommissionerLabor CommissionerPublic Service Commission
The Oklahoma Treasurer is an elected position in the Oklahoma state government. The treasurer is the chief financial officer of the state and acts as the state banker. The treasurer's office is responsible for managing the state's money, investments, pay offs of bond interest and loans, and the state's unclaimed property program.

Current officeholder

The current treasurer of Oklahoma is Ken Miller. He was first elected to the position in November, 2010 and assumed office on January 10, 2011.

Authority

The office of the Oklahoma Treasurer is established in Article VI, Section 1 of the Oklahoma Constitution.

Article VI, Section 1:

A. The Executive authority of the state shall be vested in a Governor, Lieutenant Governor, Secretary of State, State Auditor and Inspector, Attorney General, State Treasurer, Superintendent of Public Instruction, Commissioner of Labor, Commissioner of Insurance and other officers provided by law and this Constitution, each of whom shall keep his office and public records, books and papers at the seat of government, and shall perform such duties as may be designated in this Constitution or prescribed by law.

B. The Secretary of State shall be appointed by the Governor by and with the consent of the Senate for a term of four (4) years to run concurrently with the term of the Governor.

Qualifications

Article VI, Section 3 of the Oklahoma Constitution establishes the qualifications of the office:

No person shall be eligible to the office of Governor, Lieutenant Governor, Secretary of State, State Auditor and Inspector, Attorney General, State Treasurer or Superintendent of Public Instruction except a citizen of the United States of the age of not less than thirty-one (31) years and who shall have been ten (10) years next preceding his or her election, or appointment, a qualified elector of this state.
  • a citizen of the United States.
  • at least 31 years old.
  • a qualified elector of Oklahoma for the 10 preceding years.

Elections

The Oklahoma Treasurer is elected every years, in mid-term elections. The position is elected in 2006, 2010, 2014, and 2018.

Term limits

No person may serve as the Oklahoma Treasurer for more than 8 years, excluding years served for less than a full term to fill a vacancy in the office.[1]

Vacancies

Under Article 6, Section 13 of the state constitution, in the event of a vacancy in the office the governor appoints a person to serve until a successor is either elected or appointed and qualified by law.

Duties

The Oklahoma Treasurer has a number of constitutional and statutory duties:[2]

  • receive, deposit, and disburse all state funds
  • invest temporary surplus funds
  • invest specific funds for other state agencies where authorized
  • require banks to furnish collateral sufficient to secure deposits of state and other public funds
  • paying of interest on the state's bonded debt and the redeeming of the debt at maturity
  • maintain a safekeeping operation for securities owned by various state agencies, and those securities pledged as collateral to other state agencies;
  • process and distribute all State checks (known as warrants);
  • administer the Business Link and Agricultural Link Programs; and
  • administer the Unclaimed Property Program.

Divisions

Click here to view a larger-scale image of the Oklahoma Treasurer's Office Organizational Chart as of March 28, 2013.
  • Accounting
  • Banking Services
  • Budget & Finance
  • Information Services
  • Securities Operations
  • Unclaimed Property

State budget

The budget for the Treasurer's office in Fiscal Year 2012 was $5,984,000.[3]

Compensation

In 2010, the Oklahoma Treasurer was paid an estimated $114,713 according to the Council of State Governments.[4]

Contact Information

Oklahoma State Treasurer's Office
2300 N. Lincoln Blvd., Room 217
Oklahoma City, OK 73105

Phone: (405) 521-3191

See also

External links

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Suggest a link

References