54-11 State Treasurer
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<![CDATA[CHAPTER 54-11STATE TREASURER54-11-01. Duties and powers of state treasurer. The state treasurer:1.Shall receive and safely keep all public moneys which must be deposited into the<br>state treasury and pay out the same as directed by law.2.Shall collect a record for each deposit of money into the treasury. The record must<br>show the amount, the source from which the money accrued, and the funds into<br>which it is paid. The records must be numbered in order.3.Shall pay warrants drawn by the office of management and budget and signed by<br>the state auditor and state treasurer out of the funds upon which they are drawn and<br>in the order in which they are presented.4.Shall keep an account of all moneys received and disbursed.5.Shall keep separate accounts of the different funds.6.Shall keep a record of all revenues and expenditures of state agencies and all<br>moneys received and disbursed by the treasurer in accordance with the<br>requirements of the state's central accounting system.7.Shall receive in payment of public dues the warrants drawn by the office of<br>management and budget and signed by the state auditor and state treasurer in<br>conformity with law.8.Shall redeem warrants drawn by the office of management and budget and signed<br>by the state auditor and state treasurer in conformity with law, if there is money in<br>the treasury appropriated for that purpose.9.Shall maintain a report of the payment of warrants during the month. The report<br>must show:a.The date and number of each warrant;b.The fund out of which each was paid; andc.The balance in cash on hand in the treasury to the credit of each fund.10.At the request of either house of the legislative assembly, or of any committee<br>thereof, shall give information in writing as to the condition of the treasury, or upon<br>any subject relating to the duties of office.11.Shall submit a biennial report to the governor and the secretary of state in<br>accordance with section 54-06-04.In addition to any requirements establishedpursuant to section 54-06-04, the report must show the exact balance in the treasury<br>to the credit of the state.The report also must show in detail the receipts anddisbursements, together with a summary thereof, the balances in the various funds<br>at the beginning and ending of the biennium, and also must show where the funds of<br>the state are deposited. It must be certified by the state treasurer and approved by<br>the governor.12.Shall authenticate with the official state seal all writings and papers issued from the<br>treasurer's office.Page No. 113.Shall keep and disburse all moneys belonging to the state in the manner provided by<br>law.14.Shall keep books of the state treasurer open at all times for the inspection of the<br>governor, the state auditor, the commissioner of financial institutions, the office of<br>management and budget, and any committee appointed to examine them by either<br>house of the legislative assembly.15.Unless otherwise specified by law, shall credit all income earned on the deposit or<br>investment of all state moneys to the state's general fund. This subsection does not<br>apply to:a.Income earned on state moneys that are deposited or invested to the credit of<br>the industrial commission or any agency, utility, industry, enterprise, or<br>business project operated, managed, controlled, or governed by the industrial<br>commission.b.Income earned by the Bank of North Dakota for its own account on state<br>moneys that are deposited in or invested with the Bank.c.Income earned on college and university funds not deposited in the state<br>treasury.16.Shall perform all other duties as are prescribed by law.17.Shall correct any underpayment, overpayment, or erroneous payment of tax<br>distribution funds made by the state treasurer in a timely manner. An adjustment of<br>an insignificant amount need not be made at the discretion of the state treasurer.<br>The state treasurer shall adopt a written policy identifying what is considered<br>insignificant.18.May work to promote access to financial education tools that can help all North<br>Dakotans make wiser choices in all areas of personal financial management.54-11-01.1.Bicentennial trust fund - Created - Expenditures.The centennialcommission shall transfer ten thousand dollars from its special revolving fund to the state<br>treasurer to be placed in a bicentennial trust fund. The principal and interest of this fund must<br>remain intact until transferred to the bicentennial commission on or after January 1, 2089. If no<br>bicentennial commission is in existence on January 1, 2089, the money in the bicentennial trust<br>fund must be transferred to the governor. Upon transfer to the bicentennial commission or the<br>governor, as the case may be, the moneys in the fund may be expended to commemorate and<br>celebrate the bicentennial of the state.54-11-02.Monthly warrants turned over to office of management and budget.Repealed by S.L. 1965, ch. 181, </p>
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