Bill Would Eliminate State Treasurers Office

A State Senate committee will hold a hearing today on a bill that would eliminate the State Treasurer’s Office. State Senator Dan Feyen is a sponsor of the bill in the Senate and sits on the Financial Services, Constitution and Federalism Committee, which is holding the hearing. He says the Treasurer has one duty, which could be transferred to the Lt. Governor’s Office. That duty is to serve on the Commission of Public Lands. He says one of the last duties of the office was to oversee the state’s Unclaimed Property program, but that was transferred to the Department or Revenue. He says that department is doing a better job of overseeing the program. If the bill passes it would be the second time a bill has passed to eliminate the office in as many legislative sessions and would send the question to voters in April of 2018.