State Treasurer of Arizona explained

Post:State Treasurer
Body:Arizona
Insigniacaption:Seal of Arizona
Incumbent:Kimberly Yee
Incumbentsince:January 7, 2019
Style:The Honorable
Termlength:Four years, can succeed self once; eligible again after a 4-year respite
Residence:Phoenix, Arizona
Formation:1912
Deputy:Mark Swenson
Salary:$70,000

The state treasurer of Arizona is a constitutional officer in the executive branch of government of the U.S. state of Arizona. Forty-five individuals have occupied the office of state treasurer since statehood. The incumbent is Kimberly Yee, a Republican.

Election and term of office

The state treasurer is one of six statewide elected officials and serves a term of four years. A person may only serve as state treasurer for two consecutive terms.

Powers and duties

The state treasurer is the chief banker and investment officer for the state of Arizona. In this capacity, the state treasurer receives payments made to the state, accounts for and manages the state's cash flows, provides banking services to state agencies, directs and administers the investment of the state's approximately $95.9 billion portfolio, and disburses public monies in payment of warrants drawn by the General Accounting Office, Arizona's comptroller.[1] [2] [3]

Functional responsibilities aside, the state treasurer is ex officio chairperson of the Board of Investment and a member of both the State Selection Board and the Board of Loan Commissioners.[4] [5] [6] These bodies prescribe investment policies for the state investment portfolio, select or cause for the withdrawal and survey of trust lands granted to Arizona by Congress, and manage state indebtedness, respectively. The state treasurer is also third (after the secretary of state and attorney general) in the line of succession to the office of governor of Arizona.[7]

List of State Treasurers of Arizona

ImageNamePolitical PartyTerm of Office
1David F. JohnsonDemocratic1912–1915
2Mit SimmsDemocratic1915–1917
3David F. JohnsonDemocratic1917–1919
4Harry S. RossDemocratic1919–1921
5Raymond R. EarhartDemocratic1921–1923
6Wayne HubbsDemocratic1923–1925
7Vernon S. WrightDemocratic1925–1927
8J. C. CallaghanDemocratic1927–1929
10Charles R. PriceDemocratic1929–1931
11Mit SimmsDemocratic1931–1933
12W. M. CoxDemocratic1933–1935
13Mit SimmsDemocratic1935–1937
14Harry M. MooreDemocratic1937–1939
15William G. PetersenDemocratic1939–1941
16Joe HuntDemocratic1941–1943
17James D. BrushDemocratic1943–1944
18Alva E. WeaverDemocratic1944–1945
19William T. BrooksDemocratic1945–1947
20Mit SimmsDemocratic1947–1949
21J. W. KellyDemocratic1949–1951
22E. T. Williams, Jr.Democratic1951–1953
23J. W. KellyDemocratic1953–1955
24E. T. Williams, Jr.Democratic1955–1957
25J. W. KellyDemocratic1957–1959
26H. Y. SpragueDemocratic1959–1960
27John QuebedeauxRepublican1960–1961
28J. W. KellyDemocratic1961–1963
29Milton J. HuskyDemocratic1963–1965
30Bob KennedyDemocratic1965–1967
31Charles H. GarlandRepublican1967–1969
32Morris A. HerringRepublican1969–1971
33Ernest GarfieldRepublican1971–1973
34Bart FlemingRepublican1973–1979
35Clark DierksRepublican1979–1983
36Ray RottasRepublican1983–1991
37Tony WestRepublican1991–1999
38Carol SpringerRepublican1999–2003
39David PetersenRepublican2003–2006
40Elliott HibbsRepublican2006–2007
41Dean MartinRepublican2007–2011
42Doug DuceyRepublican2011–2015
43Jeff DeWitRepublican2015–2018
44Eileen KleinRepublican2018–2019
45Kimberly YeeRepublican2019–present

External links

Notes and References

  1. Web site: Section 41-172, Arizona Revised Statutes. Arizona Legislative Council. August 12, 2024.
  2. Web site: Title 34, Chapter 1, Articles 3, 4, and 5; Chapter 2, Articles 1 and 2. Arizona Legislative Council. August 12, 2024.
  3. Web site: General Accounting Office. Arizona Department of Administration. August 12, 2024.
  4. Web site: Board of Investment. Arizona State Treasurer's Office. August 12, 2024.
  5. Web site: Section 37-202, Arizona Revised Statutes. Arizona Legislative Council. August 12, 2024.
  6. Web site: Section 35-421, Arizona Revised Statutes. Arizona Legislative Council. August 12, 2024.
  7. Web site: Constitution of Arizona: Article V, Section 6. Arizona Legislature. August 22, 2019.