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State Treasurer of Arizona

From Wikipedia, the free encyclopedia
Chief banker and investment officer for the state of Arizona
State Treasurer of Arizona
Incumbent
Kimberly Yee
since January 7, 2019
StyleThe Honorable
ResidencePhoenix, Arizona
Term lengthFour years, can succeed self once; eligible again after a 4-year respite
Formation1912
SuccessionThird
DeputyMark Swenson
Salary$70,000
Websiteaztreasury.gov

Thestate treasurer of Arizona is a constitutional officer in theexecutive branch ofgovernment of theU.S. state ofArizona. Forty-five individuals have occupied the office of state treasurer since statehood. The incumbent isKimberly Yee, aRepublican.

Election and term of office

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The state treasurer is one of six statewide elected officials and serves a term of four years. A person may only serve as state treasurer for two consecutive terms.

Powers and duties

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The state treasurer is the chiefbanker andinvestment officer for the state of Arizona. In this capacity, the state treasurerreceives payments made to the state,accounts for andmanages the state'scash flows, providesbanking services to state agencies, directs and administers theinvestment of the state's approximately $95.9 billionportfolio, anddisburses public monies in payment ofwarrants drawn by the General Accounting Office, Arizona'scomptroller.[1][2][3][a]

Functional responsibilities aside, the state treasurer is ex officio chairperson of the Board of Investment and a member of both the State Selection Board and the Board of Loan Commissioners.[7][8][9] These bodies prescribeinvestment policies for the state investment portfolio, select or cause for the withdrawal and survey oftrust lands granted to Arizona byCongress, and managestate indebtedness, respectively. The state treasurer is also third (after thesecretary of state andattorney general) in theline of succession to the office ofgovernor of Arizona.[10]

List of State Treasurers of Arizona

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#ImageNamePolitical PartyTerm of Office
1David F. JohnsonDemocratic1912–1915
2Mit SimmsDemocratic1915–1917
3David F. JohnsonDemocratic1917–1919
4Harry S. RossDemocratic1919–1921
5Raymond R. EarhartDemocratic1921–1923
6Wayne HubbsDemocratic1923–1925
7Vernon S. WrightDemocratic1925–1927
8J. C. CallaghanDemocratic1927–1929
10Charles R. PriceDemocratic1929–1931
11Mit SimmsDemocratic1931–1933
12W. M. CoxDemocratic1933–1935
13Mit SimmsDemocratic1935–1937
14Harry M. MooreDemocratic1937–1939
15William G. PetersenDemocratic1939–1941
16Joe HuntDemocratic1941–1943
17James D. BrushDemocratic1943–1944
18Alva E. WeaverDemocratic1944–1945
19William T. BrooksDemocratic1945–1947
20Mit SimmsDemocratic1947–1949
21J. W. KellyDemocratic1949–1951
22E. T. Williams, Jr.Democratic1951–1953
23J. W. KellyDemocratic1953–1955
24E. T. Williams, Jr.Democratic1955–1957
25J. W. KellyDemocratic1957–1959
26H. Y. SpragueDemocratic1959–1960
27John QuebedeauxRepublican1960–1961
28J. W. KellyDemocratic1961–1963
29Milton J. HuskyDemocratic1963–1965
30Bob KennedyDemocratic1965–1967
31Charles H. GarlandRepublican1967–1969
32Morris A. HerringRepublican1969–1971
33Ernest GarfieldRepublican1971–1973
34Bart FlemingRepublican1973–1979
35Clark DierksRepublican1979–1983
36Ray RottasRepublican1983–1991
37Tony WestRepublican1991–1999
38Carol SpringerRepublican1999–2003
39David PetersenRepublican2003–2006
40Elliott HibbsRepublican2006–2007
41Dean MartinRepublican2007–2011
42Doug DuceyRepublican2011–2015
43Jeff DeWitRepublican2015–2018
44Eileen KleinRepublican2018–2019
45Kimberly YeeRepublican2019–present

Notes

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  1. ^Assets under management include theworking capital of the state of Arizona’sgovernmental and proprietary funds along with agency-specifictrust funds, thepermanent land endowment fund, Arizona’s tax-advantagedcollege savings plan, and thelocal government investment pool.[4][5] However, the state treasurer does not invest statepensions;fiduciary responsibility for that fund instead rests with the Arizona State Retirement System, an independent state agency which administers pensions for state and local government employees plus public school teachers.[6]

References

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  1. ^"Section 41-172, Arizona Revised Statutes". Arizona Legislative Council. RetrievedAugust 12, 2024.
  2. ^"Title 34, Chapter 1, Articles 3, 4, and 5; Chapter 2, Articles 1 and 2". Arizona Legislative Council. RetrievedAugust 12, 2024.
  3. ^"General Accounting Office". Arizona Department of Administration. RetrievedAugust 12, 2024.
  4. ^"Investment Performance". Arizona State Treasurer's Office. RetrievedAugust 12, 2024.
  5. ^"Frequently Asked Questions". Arizona State Treasurer's Office. RetrievedAugust 12, 2022.
  6. ^"About Us". Arizona State Retirement System. RetrievedAugust 12, 2024.
  7. ^"Board of Investment". Arizona State Treasurer's Office. RetrievedAugust 12, 2024.
  8. ^"Section 37-202, Arizona Revised Statutes". Arizona Legislative Council. RetrievedAugust 12, 2024.
  9. ^"Section 35-421, Arizona Revised Statutes". Arizona Legislative Council. RetrievedAugust 12, 2024.
  10. ^"Constitution of Arizona: Article V, Section 6".Arizona Legislature. RetrievedAugust 22, 2019.

External links

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Fiona Ma (D)
Susan Miller (R) –acting
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