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