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Oregon Treasurer

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Oregon

Oregon State Executives
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The Treasurer of the State of Oregon is an elected constitutional officer within the executive branch of the Oregon state government. The treasurer is the state's chief financial office and official banker. They are responsible for managing the state's money.

Current officeholder

The current treasurer of Oregon is Ted Wheeler. He was first appointed to the position on March 11, 2010 to the unexpired term of former treasurer Ben Westlund, and was elected to a full term on November 2, 2010.[1]

Authority

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

Article VI, Section 1:

There shall be elected by the qualified electors of the State, at the times and places of choosing Members of the Legislative Assembly, a Secretary, and Treasurer of State, who shall severally hold their offices for the term of four years; but no person shall be eligible to either of said offices more than Eight in any period of Twelve years.

Qualifications

Elections

The secretary of state is elected every four years, in Presidential election years. The office will be up for election in 2012, 2016, and 2020.

Term limits

In Oregon, the office of treasurer is subject to term limits. As specified in Article VI, § 1 of the Oregon State Constitution, an office holder is allowed to remain in the position for eight years in a twelve year period.

Vacancies

Article 5, Section 16 of the state constitution outlines how vacancies in the office are to be filled. The governor fills any vacancy by appointment that expires when a successor has been elected and qualified.

Duties

The official duties of the office are outlined in Chapter 178 of the Oregon Statutes:[2]

  • Keep the office at the seat of government.
  • Receive and have charge of all moneys paid into the State Treasury.
  • Pay out moneys from the State Treasury as directed by law.
  • Permit the books, papers and transactions of the office to be open at all times to inspection and examination by the Governor, Secretary of State, the legislature and any committee of either branch of the legislature.
  • Deliver over to the successor in office all moneys, books, papers, furniture and other effects belonging to or preserved in the office.
  • Perform all other duties imposed upon the State Treasurer by law.

Divisions

The Oregon Treasurer's office is organized into several distinct divisions:[3]

  • Debt Management
  • Executive
  • Finance
  • Information Services
  • Investment
  • Oregon 529 College Savings Network

Compensation

In 2010, the Oregon Treasurer was paid an estimated $72,000 according to the Council of State Governments.[4]

Contact Information

Oregon State Treasurer's Office
350 Winter Street NE, Suite 100
Salem, OR 97301-3896

Phone: 503-378-4329

See also

External links

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References