West_Virginia_State_Treasurer

West Virginia State Treasurer

West Virginia State Treasurer

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The West Virginia state treasurer is the state's chief financial officer.[1] It is one of six constitutionally mandated offices.[2] Elected statewide for a four year term, the treasurer is responsible for overseeing state operating funds, monitoring state debt and performing banking and accounting duties in accordance with state law.[1] The state treasurer also serves on several state government financial boards.[1]

Quick Facts State Treasurer of, Style ...

Qualifications

In accordance with the West Virginia State Constitution, qualifications for state treasurer include being a citizen of West Virginia who is entitled to vote, and who has been a resident of West Virginia for at least the preceding five years.[3] There are no limits on the number of terms the state treasurer can serve.[3]

In the event of a vacancy, the governor is authorized to appoint a treasurer until a special election can be held for the remainder of the term.[4] In making the appointment, the governor is required to choose from a list of three nominees submitted by the executive committee of the state party to which the previous treasurer belonged.[4] If the nominees are not submitted within 15 days, the governor is empowered to appoint within five days a qualified nominee of the previous treasurer's party.[4]

History and functions

The state treasurer's office was created at the 1863 Constitutional Convention that founded the state of West Virginia.[2] The functions of the state treasurer's office are detailed in various sections of the West Virginia Code.[2]

The state treasurer is the state's chief financial officer and has responsibility for the cash management of West Virginia’s government.[2] Duties include:[2]

  • Receiving and disbursing state funds
  • Filing and retaining paid checks and state bonds
  • Collecting crime victim's compensation, law enforcement training, regional jail authority and litter control fund fees
  • Disbursing coal, oil and gas severance taxes, liquor taxes, wine taxes and the fire and casualty insurance premium tax to local governments
  • Issuing quarterly and annual reports state debt reports
  • Providing safekeeping
  • Other banking and accounting functions related to state finances

Another role of the state treasurer is membership on several state government financial boards.[2] The treasurer serves as chair of the Board of Treasury Investments and Prepaid Tuition and Savings Program Board of Trustees.[2] In addition, the treasurer serves on the:[2]

  • Agricultural Land Protection Authorities Board of Trustees
  • Board of Public Works
  • Board of the School Fund
  • Consolidated Public Retirement Board
  • Council of Finance and Administration
  • Enterprise Resource Planning Board
  • Higher Education Student Financial Aid Advisory Board
  • Hospital Finance Authority
  • Housing Development Fund Board of Directors
  • Investment Management Board
  • Lending and Credit Rate Board
  • Municipal Bond Commission
  • Purchasing Card Advisory Committee
  • Special Reclamation Fund Advisory Council
  • Tobacco Settlement Finance Authority

List of West Virginia state treasurers

Individuals who have served as West Virginia state treasurer include:[2]

  1. 1863-1866 – Campbell Tarr (R-Brooke)
  2. 1866-1868 – Jacob H. Brister (R-Taylor)
  3. 1868-1870 – James A. MaCauley (R-Ohio)
  4. 1870-1876 – John S. Burdette (D-Taylor)
  5. 1876-1876 – Sobieski Brady (D-Ohio)
  6. 1876-1880 – Thomas J. West (D-Harrison)
  7. 1880-1884 – Thomas O'Brien (D-Ohio)
  8. 1884-1892 – William T. Thompson (D-Cabell)
  9. 1892-1896 – John M. Rowan (D-Monroe)
  10. 1896-1900 – M. A. Kendall (R-Wood)
  11. 1900-1904 – Peter Silman (R-Kanawha)
  12. 1904-1908 – Newton Ogden (R-Pleasants)
  13. 1908-1916 – E. Leslie Long (R-McDowell)
  14. 1916-1932 – William S. Johnson (R-Fayette)
  15. 1932-1950 – Richard E. Talbott (D-Barbour)
  16. 1950-1956 – William H. Ansel Jr. (D-Hampshire)
  17. 1956-1960 – Orel J. Skeen (D-Jackson)
  18. 1960-1975 – John H. Kelly (D-Kanawha)
  19. 1975-1976 – Ronald G. Pearson (R-Marion)
  20. 1976-1984 – Larrie Bailey (D-Marion)
  21. 1984-1989 – A. James Manchin (D-Marion)
  22. 1989-1990 – Thomas E. Loehr (D-Wetzel)
  23. 1990-1996 – Larrie Bailey (D-Marion)
  24. 1996-2021 – John D. Perdue (D-Kanawha)
  25. 2021-present – Riley Moore (R-Jefferson)

References

  1. [1]
    "Managing the State's Money". WV Treasury.com. Charleston, WV: West Virginia State Treasurer. 2023. Retrieved March 11, 2023.
  2. [2]
    "Office History". WV Treasury.com. Charleston, WV: West Virginia State Treasurer. 2023. Retrieved March 11, 2023.
  3. [3]
    "Article IV. Election & Officers". Constitution of West Virginia - Historical Documents. Charleston, WV: West Virginia Legislature. 2023. Retrieved March 11, 2023.
  4. [4]
    "§3-10-3. Vacancies in offices of state officials, justices, judges, and magistrates". West Virginia Code: Chapter 3, Elections; Article 10, Filling Vacancies. Charleston, WV: West Virginia Legislature's Office of Reference & Information. 2020. Retrieved March 11, 2023.
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