| State treasuries serve as the banks of the | | | | Oversees the pensions and savings of |
| state; they also manage the money of the | | | | teachersIllinois State Treasury* Agriculture |
| state, and therefore serve a vital role in | | | | and Alternative Agriculture Loan Program: |
| their overall economic success. Universal | | | | Offered to farmers or agriculture specialists |
| among the states of Alabama, Kentucky, | | | | who produce alternative products such as |
| Illinois, New York and Michigan is the role | | | | grapes, strawberries, or hydroponically grown |
| of the treasurer and their attitudes on | | | | food. Also for those who are in the Christmas |
| university education. Each department | | | | Tree growing, fish farming or wine-making |
| functions to invest state funds in order to | | | | business |
| maximize profit, thereby increasing their | | | | |
| revenue so that the public can be better | | | | * Bank At School: This program helps |
| assisted. Each state has an unclaimed | | | | elementary school children learn the basics |
| property fund to help lost items reach their | | | | of money management by partnering a local |
| owners, and each state has a savings program | | | | bank with a school to run an in-school |
| implemented to assist parents in saving for | | | | bank.New York State Treasury* Linked Deposit |
| their children's education. Below is a short | | | | Program: This program was started to |
| description of some of the more interesting | | | | encourage small businesses in the state to |
| programs and information about each | | | | invest. Banks offer a 2-3% lower interest |
| state:Alabama State Treasury* Prepaid | | | | rate on loans |
| Affordable College Tuition Program(PACT):This | | | | |
| investing plan helps families by allowing | | | | * International Fuel Tax Agreement project: |
| them to purchase a contract to prepay 135 | | | | this plan simplifies how commercial motor |
| semester hours of college tuition at any | | | | carriers report their fuel use taxes. With |
| college or university around the country | | | | this plan they can buy one license that can |
| | | | be used throughout IFTA |
| * The Security for Alabama Funds Enhancement | | | | jurisdictions.Michigan State Treasury* |
| (SAFE): This program involves banks in | | | | Taxable Tobacco Settlement Asset-Backed |
| securing their own funds by requiring them to | | | | Bonds: the proceeds from the sale of these |
| pledge collateral to the Treasury Department | | | | bonds is used to buy tobacco receipts and |
| for a collateral poolKentucky State Treasury* | | | | proceeds are deposited in the 21st Century |
| The Treasurer position was among the first | | | | Jobs Trust Fund to create more high-tech |
| created by the state constitution in 1792; | | | | jobs. |
| they are elected every four years and act as | | | | |
| the chief elected fiscal officer | | | | * Michigan Municipal Bond Authority (MMBA) : |
| | | | Established in 1985 to give schools and other |
| * KEES program: This is a lottery program | | | | areas of government a different financing |
| set up to raise money to send graduating high | | | | source to use for certain projectsCheck out |
| school seniors to college | | | | for articles about futures trading system and |
| | | | full services futures broker. |
| * Kentucky Teachers' Retirement System: | | | | |