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