North Dakota § 54-11-01 - Duties and powers of state treasurer

§ 54-11-01. Duties and powers of state treasurer

The state treasurer: 1. Shall receive and safely keep all public moneys which must be deposited into the 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 show the amount, the source from which the money accrued, and the funds into 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 the state auditor and state treasurer out of the funds upon which they are drawn and 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 moneys received and disbursed by the treasurer in accordance with the requirements of the state's central accounting system. 7. Shall receive in payment of public dues the warrants drawn by the office of management and budget and signed by the state auditor and state treasurer in conformity with law. 8. Shall redeem warrants drawn by the office of management and budget and signed by the state auditor and state treasurer in conformity with law, if there is money in the treasury appropriated for that purpose. 9. Shall maintain a report of the payment of warrants during the month. The report must show: a. The date and number of each warrant; b. The fund out of which each was paid; and c. The balance in cash on hand in the treasury to the credit of each fund. 10. Within ninety days of the beginning of each fiscal year, shall provide a report to the budget section of the legislative assembly of all warrants and checks outstanding for more than ninety days and less than three years. 11. At the request of either house of the legislative assembly, or of any committee thereof, shall give information in writing as to the condition of the treasury, or upon any subject relating to the duties of office. 12. Shall submit a biennial report to the governor and the secretary of state in accordance with section 54-06-04. In addition to any requirements established pursuant to section 54-06-04, the report must show the exact balance in the treasury to the credit of the state. The report also must show in detail the receipts and disbursements, together with a summary thereof, the balances in the various funds at the beginning and ending of the biennium, and also must show where the funds of the state are deposited. It must be certified by the state treasurer and approved by the governor. 13. Shall authenticate with the official state seal all writings and papers issued from the treasurer's office. 14. Shall keep and disburse all moneys belonging to the state in the manner provided by law. 15. Shall keep books of the state treasurer open at all times for the inspection of the governor, the state auditor, the commissioner of financial institutions, the office of management and budget, and any committee appointed to examine them by either house of the legislative assembly. 16. Unless otherwise specified by law, shall credit all income earned on the deposit or investment of all state moneys to the state's general fund. This subsection does not apply to: a. Income earned on state moneys that are deposited or invested to the credit of the industrial commission or any agency, utility, industry, enterprise, or business project operated, managed, controlled, or governed by the industrial commission. b. 17. 18. 19. Income earned by the Bank of North Dakota for its own account on state moneys that are deposited in or invested with the Bank. c. Income earned on college and university funds not deposited in the state treasury. Shall perform all other duties as are prescribed by law. Shall correct any underpayment, overpayment, or erroneous payment of tax distribution funds, resulting from an error made by the state treasurer in a timely manner. Unless otherwise provided by law, adjustments may be made from the general fund. This authority is limited to one hundred dollars per biennium, unless approved by the emergency commission. An adjustment of an insignificant amount need not be made at the discretion of the state treasurer. The state treasurer shall adopt a written policy identifying what is considered insignificant. May work to promote access to financial education tools that can help all North Dakotans make wiser choices in all areas of personal financial management.