The treasurer oversees all the state’s money financial savings, debt and investments. These tax-free, often tax-deductible financial savings accounts make squirreling money for greater schooling simpler. Citizens elect state treasurers to serve 4-yr terms, but some states — most notably Texas and New York — instead have comptrollers of public accounts. As the state money manager, the treasurer should fastidiously invest the state’s pooled cash accounts into steady development stocks, bonds and securities. Securities and Alternate Commission. The treasurer may chair the state banking fee and commissions that manage financing for low-revenue housing and small businesses. Massachusetts State Lottery Commission. The identical is true if the state has a lottery. If the state has a pension plan for Living Room Remodeling public workers and teachers, Single Category the treasurer will usually sit on its board. Two young medical doctors, recruited by the native hospital, plan to place down roots in Laurel. As the state banker, the treasurer overseas all withdrawals and deposits from state and local governmental agencies.
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