Minnesota State Treasurer

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The state treasurer of Minnesota was a constitutional officer in the executive branch of the U.S. state of Minnesota. Twenty-six individuals occupied the office of state treasurer from 1858 until the office's abolition in 2003. The final state treasurer was Carol C. Johnson, a DFLer.

Contents

Election and term of office

The state treasurer was elected by the people on Election Day in November, and took office on the first Monday of the next January. There was no limit to the number of terms a state treasurer may hold. To be elected state treasurer, a person must have been a qualified voter, permanently resident in the state of Minnesota at least 30 days prior to the election, and at least 21 years of age. [1]

In the event of a vacancy in the office of the state treasurer, the governor was empowered to appoint a successor to serve the balance of the term. [2] The state treasurer could also be recalled by the voters or removed from office through an impeachment trial. [3]

Beginning with the 1962 election, the term of the office increased from two to four years. [4]

Powers and duties

Throughout the office's existence, the state treasurer served as the banker of state government. This function entailed managing and accounting for the state's cash flows, coordinating banking services for state agencies, collecting receipts, issuing payments, reconciling state bank accounts, and servicing the state debt. [5] Prior to 1983, the state treasurer also administered unclaimed property. [6]

History

A 1998 constitutional amendment abolished the position of state treasurer, effective January 6, 2003. [7] The functions of the office were transferred to the commissioner of finance, who is appointed by the governor and confirmed by the Minnesota Senate. [8] The position of commissioner of finance became commissioner of Minnesota Management and Budget in 2009. [9]

List of territorial and state treasurers

Territorial treasurers

NameTook officeLeft officeParty
Calvin A. Tuttle18491853 Whig
George W. Prescott18531854 Democratic
Charles E. Leonard18541857 Democratic
George W. Armstrong 18571858 Democratic

State treasurers

No.ImageNameTook officeLeft officeParty
1 George W. Armstrong May 24, 1858January 1, 1860 Democratic
2Charles SchefferJanuary 1, 1860January 10, 1868 Republican
3 Emil D. Munch January 10, 1868January 5, 1872 Republican
4William SeegerJanuary 5, 1872February 7, 1873 Republican
5Edwin W. DykeFebruary 7, 1873January 7, 1876 Republican
Democratic
6 William Pfaender, 1870.jpg William Pfaender January 7, 1876January 10, 1880 Republican
7Charles KittelsonJanuary 10, 1880January 5, 1887 Republican
8 Joseph Bobleter (1846-1909).png Joseph Bobleter January 5, 1887January 7, 1895 Republican
9 August T. Koerner (1843-1912).png August T. Koerner January 7, 1895January 7, 1901 Republican
10 Julius Herrman Block.png Julius H. Block January 7, 1901January 7, 1907 Republican
11 Clarence C. Dinehart January 7, 1907June 8, 1910 Republican
12Elias Steele PettijohnJune 8, 1910January 3, 1911 Republican
13Walter J. SmithJanuary 3, 1911February 14, 1916 Republican
14 Arthur C. Gooding February 14, 1916January 2, 1917 Republican
15 HenryRines.jpg Henry Rines January 2, 1917July 1, 1925 Republican
16 Edward W. Stark July 1, 1925January 4, 1927 Republican
17 Julius A Schmal.jpg Julius A. Schmahl January 4, 1927January 5, 1937 Republican
18 C. A. Halverson January 5, 1937January 2, 1939 Farmer–Labor
19 Julius A Schmal.jpg Julius A. Schmahl January 2, 1939January 2, 1951 Republican
20 Uncle Valdi Mug.jpg Val Bjornson January 2, 1951January 3, 1955 Republican
21Arthur HansenJanuary 3, 1955January 7, 1957 DFL
22 Uncle Valdi Mug.jpg Val Bjornson January 7, 1957January 6, 1975 Republican
23 Jim Lord.jpg Jim Lord January 6, 1975January 3, 1983 DFL
24 Robert W. Mattson.jpg Robert W. Mattson Jr. January 3, 1983January 5, 1987 DFL
25 Michael McGrath January 5, 1987January 4, 1999 DFL
26 Carol C. Johnson January 4, 1999January 6, 2003 DFL

Notes on Minnesota political party names

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References

  1. "Article VII, Sections 1, 2, and 6 of the Minnesota Constitution". Minnesota Office of the Revisor of Statutes. Retrieved February 8, 2022.
  2. "Article V, Section 3 of the Minnesota Constitution". Minnesota Office of the Revisor of Statutes. Retrieved February 8, 2022.
  3. "Article VIII, Sections 1, 2, and 6". Minnesota Office of the Revisor of Statutes. Retrieved February 8, 2022.
  4. "1956 Minnesota Session Laws, Chapter 813". Minnesota Office of the Revisor of Statutes. Retrieved September 25, 2022.
  5. "Core Functions of the Cash Management Unit". Minnesota Department of Management and Budget. Retrieved September 25, 2022.
  6. "Office of State Treasurer". Minnesota Legislative Reference Library. Retrieved September 25, 2022.
  7. "1998 Minnesota Session Laws, Chapter 387". Minnesota Office of the Revisor of Statutes. Retrieved September 25, 2022.
  8. "Financial Audit of the Office of the State Treasurer". Minnesota Office of the Legislative Auditor. Retrieved 2018-11-05.
  9. For additional historical background on the Office of the State Treasurer, see "Historical Information About the Treasurer's Office". Minnesota Department of Management and Budget. Retrieved September 25, 2022.