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.

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. Tuttle18491853Whig
George W. Prescott18531854Democratic
Charles E. Leonard18541857Democratic
George W. Armstrong18571858Democratic

State treasurers

No.NameTook officeLeft officeParty
1George W. ArmstrongMay 24, 1858January 1, 1860Democratic
2Charles SchefferJanuary 1, 1860January 10, 1868Republican
3Emil D. MunchJanuary 10, 1868January 5, 1872Republican
4William SeegerJanuary 5, 1872February 7, 1873Republican
5Edwin W. DykeFebruary 7, 1873January 7, 1876Republican
Democratic
6William PfaenderJanuary 7, 1876January 10, 1880Republican
7Charles KittelsonJanuary 10, 1880January 5, 1887Republican
8Joseph BobleterJanuary 5, 1887January 7, 1895Republican
9August T. KoernerJanuary 7, 1895January 7, 1901Republican
10Julius H. BlockJanuary 7, 1901January 7, 1907Republican
11Clarence C. DinehartJanuary 7, 1907June 8, 1910Republican
12Elias Steele PettijohnJune 8, 1910January 3, 1911Republican
13Walter J. SmithJanuary 3, 1911February 14, 1916Republican
14Arthur C. GoodingFebruary 14, 1916January 2, 1917Republican
15Henry RinesJanuary 2, 1917July 1, 1925Republican
16Edward W. StarkJuly 1, 1925January 4, 1927Republican
17Julius A. SchmahlJanuary 4, 1927January 5, 1937Republican
18C. A. HalversonJanuary 5, 1937January 2, 1939Farmer–Labor
19Julius A. SchmahlJanuary 2, 1939January 2, 1951Republican
20Val BjornsonJanuary 2, 1951January 3, 1955Republican
21Arthur HansenJanuary 3, 1955January 7, 1957DFL
22Val BjornsonJanuary 7, 1957January 6, 1975Republican
23Jim LordJanuary 6, 1975January 3, 1983DFL
24Robert W. Mattson Jr.January 3, 1983January 5, 1987DFL
25Michael McGrathJanuary 5, 1987January 4, 1999DFL
26Carol C. JohnsonJanuary 4, 1999January 6, 2003DFL

Notes on Minnesota political party names

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.
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