Treasurer and Receiver-General of Massachusetts
Treasurer and Receiver-General of the Commonwealth of Massachusetts | |
---|---|
Boston, Massachusetts | |
Nominator | Nominating petition, Political parties |
Appointer | Popular vote |
Term length | Four years, no term limit |
Constituting instrument | Constitution of Massachusetts |
Formation | Originally created: May 18, 1629[1] Current form: October 25, 1780 |
Unofficial names | State Treasurer |
Website | www |
The treasurer and receiver-general of Massachusetts is an elected constitutional officer in the
Election
Term of office
The treasurer is
Qualifications
Any person seeking election to the office of treasurer must meet the following requirements:
- Be at least eighteen years of age;
- Be a registered voter in Massachusetts;
- Be a Massachusetts resident for at least five years when elected; and
- Receive 5,000 signatures from registered voters on nomination papers.[4]
Vacancies
In the event of a vacancy in the office of treasurer, the
Powers and duties
The state treasurer is in effect the chief financial officer for the Commonwealth of Massachusetts.
Other programs have been assigned to the state treasurer by law. For example, the state treasurer regulates the sale of alcoholic beverages within intrastate commerce, provides tax-advantaged ABLE and college savings programs to Bay Stater residents, and manages the state lottery.[13][14][15] Likewise, the state treasurer administers deferred compensation plans to public and nonprofit employees along with bonuses to veterans, servicemembers, and military families domiciled in Massachusetts.[16][17]
Aside from these functional responsibilities, the state treasurer is ex officio chair of the Massachusetts Clean Water Trust, the Massachusetts School Building Authority, the Massachusetts State Retirement Board, and the Pension Reserves Investment Management Board.[18][19][20][21] These independent agencies are governed by multimember boards attached to the Office of the Treasurer and Receiver-General for administrative purposes.
Organization
The Office of the Treasurer and Receiver-General is organized into the following departments:
- the Alcoholic Beverages Control Commission;
- the Department of Cash Management;
- the Department of Debt Management;
- the Department of Defined Compensation Plans;
- the Massachusetts Clean Water Trust;
- the Massachusetts School Building Authority;
- the Massachusetts State Lottery;
- the Office of Economic Empowerment;
- the Pension Reserves Investment Management Board;
- the State Retirement Board;
- the Unclaimed Property Division; and
- the Veterans' Bonus Division.[22]
List of treasurers and receivers-general (1780-present)
See also
Notes
- ^ Massachusett's Office of the Treasurer and Receiver-General is therefore the oldest operating state treasurer's office in the United States.
- ^ Citizens of the Commonwealth of the Massachusetts are officially designated as "Bay Staters". Being a Bay Stater implies concurrent U.S. citizenship, which is required in order to vote in Massachusetts and to run for any public office, including that of treasurer and receiver-general.[5][6]
References
- ^ "Records of the governor and company of the Massachusetts bay in New England. Printed by order of the legislature". Boston, W. White, printer to the commonwealth. 1853.
- ^ "Article LXIV, Constitution of the Commonwealth of Massachusetts". General Court of Massachusetts. Retrieved April 8, 2024.
- ^ "Article VIII, Constitution of the Commonwealth of Massachusetts". General Court of Massachusetts. Retrieved April 8, 2024.
- ^ "How to Run for Office in Massachusetts" (PDF). Massachusetts Secretary of the Commonwealth. March 2017. Retrieved December 26, 2022.
- ^ "Massachusetts General Laws, Chapter 2, Section 35: Designation of citizens of commonwealth". General Court of Massachusetts. Retrieved April 8, 2024.
- ^ "Registering to Vote". Elections Division, Massachusetts Office of the Secretary of the Commonwealth. Retrieved April 8, 2024.
- ^ "Article XVII, Constitution of the Commonwealth of Massachusetts". General Court of Massachusetts. Retrieved April 8, 2024.
- ^ "General Laws of the Commonwealth of Massachusetts, Part I, Title II, Chapter 10: Department of the State Treasurer". General Court of Massachusetts. Retrieved April 14, 2024.
- ^ "Cash Management Department of the Treasury". Office of the Treasurer and Receiver-General of Massachusetts. Retrieved April 12, 2024.
- ^ "Debt Management Department of the Treasury". Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts. Retrieved April 12, 2024.
- ^ "Unclaimed Property Division". Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts. Retrieved April 12, 2024.
- ^ "State Treasurers Count" (PDF). National Association of State Treasurers. Retrieved April 12, 2024.
- ^ "Alcoholic Beverages Control Commission". Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts. Retrieved April 14, 2024.
- ^ "Office of Economic Development". Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts. Retrieved April 12, 2024.
- ^ "Massachusetts Lottery". Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts. Retrieved April 12, 2024.
- ^ "Defined Contribution Plans Department of the Treasury". Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts. Retrieved April 12, 2024.
- ^ "Veterans' Bonus Division". Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts. Retrieved April 12, 2024.
- ^ "Massachusetts Clean Water Trust". Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts. Retrieved April 12, 2024.
- ^ "Massachusetts School Building Authority". Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts. Retrieved April 12, 2024.
- ^ "Massachusetts State Retirement Board". Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts. Retrieved April 12, 2024.
- ^ "Pension Reserves Investment Management Board". Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts. Retrieved April 12, 2024.
- ^ "Departments". Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts. Retrieved April 14, 2024.
- New York Times. September 5, 1920. Retrieved 2010-02-15.
External links
- Official site, via Mass.gov
- John Hull (merchant)