| State treasuries serve as the banks of the | | | | raise money to send graduating high school |
| state; they also manage the money of the | | | | seniors to college * Kentucky Teachers' |
| state, and therefore serve a vital role in | | | | Retirement System: Oversees the pensions and |
| their overall economic success. Universal | | | | savings of teachers |
| among the states of Alabama, Kentucky, | | | | |
| Illinois, New York and Michigan is the role | | | | Illinois State Treasury |
| of the treasurer and their attitudes on | | | | |
| university education. Each department | | | | * Agriculture and Alternative Agriculture |
| functions to invest state funds in order to | | | | Loan Program: Offered to farmers or |
| maximize profit, thereby increasing their | | | | agriculture specialists who produce |
| revenue so that the public can be better | | | | alternative products such as grapes, |
| assisted. Each state has an unclaimed | | | | strawberries, or hydroponically grown food. |
| property fund to help lost items reach their | | | | Also for those who are in the Christmas Tree |
| owners, and each state has a savings program | | | | growing, fish farming or wine-making business |
| implemented to assist parents in saving for | | | | * Bank At School: This program helps |
| their children's education. Below is a short | | | | elementary school children learn the basics |
| description of some of the more interesting | | | | of money management by partnering a local |
| programs and information about each state: | | | | bank with a school to run an in-school bank. |
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| Alabama State Treasury | | | | New York State Treasury |
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| * Prepaid Affordable College Tuition | | | | * Linked Deposit Program: This program was |
| Program(PACT):This investing plan helps | | | | started to encourage small businesses in the |
| families by allowing them to purchase a | | | | state to invest. Banks offer a 2-3% lower |
| contract to prepay 135 semester hours of | | | | interest rate on loans * International Fuel |
| college tuition at any college or university | | | | Tax Agreement project: this plan simplifies |
| around the country * The Security for | | | | how commercial motor carriers report their |
| Alabama Funds Enhancement (SAFE): This | | | | fuel use taxes. With this plan they can buy |
| program involves banks in securing their own | | | | one license that can be used throughout IFTA |
| funds by requiring them to pledge collateral | | | | jurisdictions. |
| to the Treasury Department for a collateral | | | | |
| pool | | | | Michigan State Treasury |
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| Kentucky State Treasury | | | | * Taxable Tobacco Settlement Asset-Backed |
| | | | Bonds: the proceeds from the sale of these |
| * The Treasurer position was among the first | | | | bonds is used to buy tobacco receipts and |
| created by the state constitution in 1792; | | | | proceeds are deposited in the 21st Century |
| they are elected every four years and act as | | | | Jobs Trust Fund to create more high-tech |
| the chief elected fiscal officer * KEES | | | | jobs. |
| program: This is a lottery program set up to | | | | |