Indiana State Treasurer Contents Term limits and qualification Powers List of treasurers See...

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Government of IndianaState constitutional officers of IndianaState treasurers of Indiana


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Treasurer of Indiana

Indiana-StateSeal.svg
Seal of Indiana


Incumbent
Kelly Mitchell

since January 7, 2015
Term length 4 years
Inaugural holder Daniel Crosby Lane
November 7, 1816
Formation
Indiana Constitution
1816
Salary $66,000
Website http://www.in.gov/tos/

The Indiana Treasurer of State is a constitutional and elected office in the executive branch of the government of Indiana. The treasurer is responsible for managing the finances of the U.S. state of Indiana. The position was filled by appointment from 1816 until the adoption of the new Constitution of Indiana in 1851, which made the position filled by election. As of 2018, there have been fifty-five treasurers. The incumbent is Republican Kelly Mitchell who has served in the position since November 18, 2014.




Contents






  • 1 Term limits and qualification


  • 2 Powers


  • 3 List of treasurers


    • 3.1 Territorial treasurers


    • 3.2 State treasurers


    • 3.3 Notes




  • 4 See also


  • 5 Sources


  • 6 External links





Term limits and qualification


The Indiana State Treasurer is a constitutional office first established in the 1816 Constitution of Indiana, and was made largely to mirror the position of the treasurer during Indiana's territorial period. Between 1816 and until 1851, the treasurer was nominated by the governor and confirmed by the state senate. With adoption of the current constitution in 1851 the treasurer's office was filled by a public statewide election every four years.[1]


Treasurers take office on February 10 following their election and hold office for four years. Should they resign, be impeached, or die in office the governor has the power to appoint a temporary treasurer to serve until the next general election. The new treasurer, either appointed to elected may only complete the term of the previous treasurer, not serve a new four-year term. A treasurer may be elected to consecutive terms, but may serve no more than eight years in any twelve-year period.[1] As of 2007, the salary for the treasurer is $66,000 annually.[2]



Powers




John J. Cooper, Treasurer from 1883 to 1887


The treasurer's powers are both constitutional and statutory. The treasurer's constitutional powers make him the chief financial officer of the state government and give him control over all of the state's financial assets. Because the state operates with a large reserve fund, this give the treasurer control over a large amount of money. In 2007, the total state portfolio was valued at over $5 billion.[1] The treasurer is permitted to invest the funds several different ways, including investments in United States Treasury securities, certificates of deposit, repurchase agreements, and money market mutual funds.[1]


The Indiana General Assembly has assigned the treasurer additional statutory power and made him a member of the state Board of Finance, Indiana Finance Authority, Indiana Transportation Finance Authority, State Office Building Commission, Recreational Development Commission, Indiana Grain Indemnity Fund Board, Indiana Underground Storage Tank Financial Assurance Board, and the Indiana Heritage Trust Committee. Additionally, the treasurer is the vice-chairman of the Indiana Housing Finance Authority and the Indiana State Police Pension Fund. As a member of these boards, the treasurer has a wide range of influence on the state's financial management.[1]


The treasurer is also the head of several of the most important state financial organizations. The treasurer is chairman of the Indiana Bond Bank, a state controlled bank that provides financing to municipal government to allow for large infrastructure investments. The bank then sells the debts as secured bonds on the national market. This allows local governments to secure credit a low rate of interest. The treasurer is also the chairman of the Indiana Education Savings Authority which manages savings accounts for college educations. The treasurer chairs the Public Deposit Insurance Fund and the Board for Depositories that insures the deposits of municipal governments in the state, much as the Federal Deposit Insurance Corporation insures private accounts, except without limiting the amount of the insurance.[3] The Indiana Institute for Public Funds Management is private organization that was developed to provide financial education for municipal government leaders. The treasurer is designated by the organization its chairman.[2]



List of treasurers


  Democratic-Republican
  Democratic
  Whig
  Republican



Territorial treasurers





















# Name Took office Left office Party Hometown Notes
1

Davis Floyd
1814
1816
Democratic-Republican

Corydon, Indiana



State treasurers









































































































































































































































































































































































































































































































# Name Took office Left office Party Hometown Notes
1
Daniel Crosby Lane
November 16, 1816
December 28, 1822
Democratic-Republican

Harrison County, Indiana

2

Samuel Merrill
December 28, 1822
February 13, 1834
Whig

Corydon & Indianapolis, Indiana

3
Nathan B. Palmer
February 13, 1834
February 9, 1841
Democrat

Jefferson County, Indiana

4

George H. Dunn
February 9, 1841
February 9, 1844
Whig

Jefferson County, Indiana

5
Royal Mayhew
February 9, 1844
February 9, 1847
Democrat

Lawrenceburg, Indiana

6
Samuel Hannah
February 9, 1847
February 9, 1850
Whig

Shelby County, Indiana

7
James P. Drake
February 9, 1850
February 9, 1853
Democrat

Indianapolis, Indiana

8
Elijah Newland
February 9, 1853
February 9, 1855
Democrat

Washington County, Indiana

9
William R. Nofsinger
February 9, 1855
February 9, 1857
Republican

Parke County, Indiana

10
Aquilla Jones
February 9, 1857
February 9, 1859
Democrat

Columbus, Indiana

11
Nathaniel G. Cunningham
February 9, 1859
February 9, 1861
Democrat

Vigo County, Indiana

12
Jonathan S. Harvey
February 9, 1861
February 9, 1863
Republican

Jeffersonville, Indiana

13
Matthew L. Brett
February 9, 1863
February 9, 1865
Democrat

Daviess County, Indiana

14
John I. Morris
February 9, 1865
February 9, 1867
Republican

Salem, Indiana

15
Nathan Kimball
February 9, 1867
February 9, 1871
Republican

Loogootee, Indiana

16
James B. Ryan
February 9, 1871
February 9, 1873
Democratic

Indianapolis, Indiana

17
John B. Glover
February 9, 1873
February 9, 1875
Republican

Bedford, Indiana

18
Benjamin C. Shaw
February 9, 1875
February 9, 1879
Democrat

Indianapolis, Indiana

19
William Fleming
February 9, 1879
February 5, 1881
Democrat

Fort Wayne, Indiana

20
Roswell S. Hill
February 5, 1881
February 9, 1883
Republican

Brazil, Indiana

21
John J. Cooper
February 9, 1883
February 9, 1887
Democrat

Indianapolis, Indiana

22
Julius A. Lemcke
February 9, 1887
February 9, 1891
Republican

Evansville, Indiana

23
Albert Gail
February 9, 1891
February 9, 1895
Democrat

Indianapolis, Indiana

24
Frederick J. Scholz
February 9, 1895
February 10, 1899
Republican

Evansville, Indiana

25
Leopold Levy
February 10, 1899
February 9, 1903
Republican

Indianapolis, Indiana

26
Nathaniel U. Hill
February 9, 1903
February 10, 1907
Republican

Bloomington, Indiana

27
Oscar C. Hadley
February 10, 1907
February 9, 1911
Republican

Plainfield, Indiana

28
William H. Vollmer
February 10, 1911
February 10, 1915
Democrat

Vincennes, Indiana

29
George A. Bittler
February 10, 1915
February 10, 1917
Democrat

Fort Wayne, Indiana

30
Uz McMurtie
February 10, 1917
February 10, 1921
Republican

Marion, Indiana

31
Ora J. Davies
February 10, 1921
February 10, 1925
Republican

Kokomo, Indiana

32
Bernhardt H. Urbahns
February 10, 1925
January 22, 1926
Republican

Indianapolis, Indiana
[4]
33
Grace Urbahns
January 22, 1926
February 10, 1931
Republican

Indianapolis, Indiana
[5]
34
William Storen
February 10, 1931
February 10, 1935
Democrat

Scottsburg, Indiana

35
Peter Hein
February 10, 1935
February 10, 1939
Democrat

Crown Point, Indiana

36
Joseph M. Robertson
February 10, 1939
February 10, 1941
Democrat

Brownstown, Indiana

37
James M. Givens
February 10, 1941
February 10, 1945
Republican

Porter, Indiana

38
Frank T. Millis
February 10, 1945
February 10, 1949
Republican

Campbellsburg, Indiana

39
F. Shirley Wilcox
February 10, 1949
February 10, 1951
Democrat

New Albany, Indiana

40
William L. Fortune
February 10, 1951
February 10, 1953
Republican

Carmel, Indiana

42
John Peters
February 10, 1953
February 10, 1957
Republican

New Albany, Indiana

43
Adolph L. Fossler
February 10, 1957
February 10, 1959
Republican

Indianapolis, Indiana

44
Jack A. Haymaker
February 10, 1959
February 10, 1961
Democrat

Logansport, Indiana

45
Robert E. Hughes
February 10, 1961
February 10, 1963
Republican

Greenwood, Indiana

46
Jack L. New
February 10, 1965
February 10, 1967
Democratic

Greenwood, Indiana

47
John Snyder
February 10, 1967
February 10, 1971
Republican

Washington, Indiana

48
Jack L. New
February 10, 1971
February 10, 1979
Democratic

Greenfield, Indiana

49
Julian Ridlen
February 10, 1979
February 10, 1987
Republican

Logansport, Indiana

50
Majorie H. O’Laughlin
February 10, 1987
February 10, 1995
Republican

Indianapolis, Indiana

51
Joyce Brinkman
February 10, 1995
February 10, 1999
Republican

Indianapolis, Indiana

52

Tim Berry
February 10, 1999
February 10, 2007
Republican

Fort Wayne, Indiana

53

Richard Mourdock
February 10, 2007
August 29, 2014
Republican

Evansville, Indiana

54

Kelly Mitchell
January 7, 2015

Incumbent
Republican

Logansport, Indiana



Notes





  1. ^ abcde Indiana Chamber, p. 16


  2. ^ ab Indiana Chamber, p. 18


  3. ^ Indiana Chamber, p. 17


  4. ^ Bernhardt H. Urbahms died in office and his wife Grace was appointed in his place. (Funk, p. 211)


  5. ^ Grace Urbahns was married during her second term and became Mrs. Grace Banta Reynolds. (Funk, p. 211)




See also



  • Government of Indiana


Sources




  • Funk, Arville L (1983) [1969]. A Sketchbook of Indiana History. Rochester, Indiana: Christian Book Press. pp. 210–211..mw-parser-output cite.citation{font-style:inherit}.mw-parser-output .citation q{quotes:"""""""'""'"}.mw-parser-output .citation .cs1-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/6/65/Lock-green.svg/9px-Lock-green.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-limited a,.mw-parser-output .citation .cs1-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/d/d6/Lock-gray-alt-2.svg/9px-Lock-gray-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .citation .cs1-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/a/aa/Lock-red-alt-2.svg/9px-Lock-red-alt-2.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration{color:#555}.mw-parser-output .cs1-subscription span,.mw-parser-output .cs1-registration span{border-bottom:1px dotted;cursor:help}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/thumb/4/4c/Wikisource-logo.svg/12px-Wikisource-logo.svg.png")no-repeat;background-position:right .1em center}.mw-parser-output code.cs1-code{color:inherit;background:inherit;border:inherit;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;font-size:100%}.mw-parser-output .cs1-visible-error{font-size:100%}.mw-parser-output .cs1-maint{display:none;color:#33aa33;margin-left:0.3em}.mw-parser-output .cs1-subscription,.mw-parser-output .cs1-registration,.mw-parser-output .cs1-format{font-size:95%}.mw-parser-output .cs1-kern-left,.mw-parser-output .cs1-kern-wl-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right,.mw-parser-output .cs1-kern-wl-right{padding-right:0.2em}


  • Indiana Chamber (2007). Here's Your Indiana Government. Indiana Camber of Commerce. ISBN 978-1-883698-79-9.



External links



  • "State Treasurer". IN.gov. Retrieved 2008-12-01.










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