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