| State treasuries serve as the banks of the state; | | | | * Kentucky Teachers' Retirement System: Oversees |
| they also manage the money of the state, and | | | | the pensions and savings of teachersIllinois State |
| therefore serve a vital role in their overall economic | | | | Treasury* Agriculture and Alternative Agriculture |
| success. Universal among the states of Alabama, | | | | Loan Program: Offered to farmers or agriculture |
| Kentucky, Illinois, New York and Michigan is the role | | | | specialists who produce alternative products such as |
| of the treasurer and their attitudes on university | | | | grapes, strawberries, or hydroponically grown food. |
| education. Each department functions to invest state | | | | Also for those who are in the Christmas Tree |
| funds in order to maximize profit, thereby increasing | | | | growing, fish farming or wine-making business |
| their revenue so that the public can be better | | | | * Bank At School: This program helps elementary |
| assisted. Each state has an unclaimed property fund | | | | school children learn the basics of money |
| to help lost items reach their owners, and each state | | | | management by partnering a local bank with a school |
| has a savings program implemented to assist parents | | | | to run an in-school bank.New York State Treasury* |
| in saving for their children's education. Below is a | | | | Linked Deposit Program: This program was started to |
| short description of some of the more interesting | | | | encourage small businesses in the state to invest. |
| programs and information about each state:Alabama | | | | Banks offer a 2-3% lower interest rate on loans |
| State Treasury* Prepaid Affordable College Tuition | | | | * International Fuel Tax Agreement project: this plan |
| Program(PACT):This investing plan helps families by | | | | simplifies how commercial motor carriers report their |
| allowing them to purchase a contract to prepay 135 | | | | fuel use taxes. With this plan they can buy one |
| semester hours of college tuition at any college or | | | | license that can be used throughout IFTA |
| university around the country | | | | jurisdictions.Michigan State Treasury* Taxable |
| * The Security for Alabama Funds Enhancement | | | | Tobacco Settlement Asset-Backed Bonds: the |
| (SAFE): This program involves banks in securing their | | | | proceeds from the sale of these bonds is used to |
| own funds by requiring them to pledge collateral to | | | | buy tobacco receipts and proceeds are deposited in |
| the Treasury Department for a collateral | | | | the 21st Century Jobs Trust Fund to create more |
| poolKentucky State Treasury* The Treasurer | | | | high-tech jobs. |
| position was among the first created by the state | | | | * Michigan Municipal Bond Authority (MMBA) : |
| constitution in 1792; they are elected every four | | | | Established in 1985 to give schools and other areas of |
| years and act as the chief elected fiscal officer | | | | government a different financing source to use for |
| * KEES program: This is a lottery program set up to | | | | certain projectsCheck out for articles about futures |
| raise money to send graduating high school seniors to | | | | trading system and full services futures broker. |
| college | | | | |