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Connecticut Treasurer
From Ballotpedia
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Current Officeholder
The current officeholder is Democrat Denise L. Nappier. She was first elected to the office in November, 1998. She was re-elected to a fourth term in 2010, defeating Republican Jeff Wright in the general election.
Qualifications
In order to be eligible for the office of Treasurer, one must be a citizen of the United States, a qualified voter, and a Connecticut resident for an unspecified number of years.[1]
Elections
Article 4, Section 1:
| A general election for governor, lieutenant-governor, secretary of the state, treasurer and comptroller shall be held on the Tuesday after the first Monday of November, 1966, and quadrennially thereafter. Such officers shall hold their respective offices from the Wednesday following the first Monday of the January next succeeding their election until the Wednesday following the first Monday of the fifth January succeeding their election and until their successors are duly qualified. |
Term limits
Connecticut state executive officers, including the treasurer, do not face term limits.
Vacancies
If the office of treasurer becomes vacant, the state legislature jointly appoints a replacement; if the legislature is out of session the governor fills the vacancy.[2]
General Statutes of Connecticut, 9-146-213
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If the office of the Treasurer becomes vacant, the General Assembly, if in session, shall fill the vacancy for the unexpired portion of the term. (2) If the vacancy occurs when the General Assembly is not in session, or if the General Assembly fails to make an appointment to fill the vacancy and the vacancy does not occur in the year in which a state election is to be held for the office of the Treasurer, the Governor shall appoint a person to serve as acting Treasurer until the next regular session of the General Assembly at which time the Governor shall nominate a successor for the office of Treasurer who shall be subject to approval by the General Assembly. (3) If the vacancy occurs when the General Assembly is not in session or if the General Assembly fails to make an appointment to fill the vacancy and the vacancy occurs in the year in which a state election is to be held for the office of the Treasurer, the Deputy Treasurer shall fill the vacancy for the unexpired portion of the term. |
Duties
The responsibilities of the Treasurer include, but are not limited to:
- Cash management
- Investment of retirement funds
- Investment of trust funds
- Management of bonded debt
- Bond issuance
- Debt service
- Arbitrage rebate
- Banking services
- Unclaimed property
- College savings
- Local government investment pool
Compensation
In 2011, the Treasurer of Connecticut received compensation in the amount of $110,000.[4] The treasurer is paid according to General Statutes of Connecticut Chapter 32, Sec.3-11:
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The Treasurer shall receive an annual salary of one hundred ten thousand dollars. Before entering upon the execution of the duties of the office, the Treasurer shall give a bond to the state, with sufficient surety, in the sum of two hundred thousand dollars, for the term for which the Treasurer has been elected, which bond shall be conditioned for the faithful performance of such duties other than in connection with the School Fund. The Treasurer shall devote full time to the duties of the office. |
Contact Information
Connecticut State Treasurer's Office
55 Elm Street
Hartford CT 06106
Phone: (800) 618-3404
See also
External links
References
- ↑ [The Council of State Governments, "Book of States 2011- Table 4.25", accessed February 17, 2012]
- ↑ General Statutes of Connecticut, "9-146-213," accessed February 21, 2012
- ↑ [The Council of State Governments, "Book of States 2011- Table 4.26", accessed February 17, 2012]
- ↑ [The Council of State Governments, "Book of States 2011- Table 4.11", accessed February 17, 2012]
- ↑ General Statutes of Connecticut, "Chapter 32 Section 3-11," accessed February 21, 2012
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