The Office of the State Treasurer safeguards and manages Mississippi’s financial resources, overseeing the wise investment of funds and searching for new opportunities to enhance the state’s economy.
The State Treasurer is elected to serve as Mississippi’s chief financial officer, a leader charged with overseeing programs critical to the fiscal health of the state and the financial wellbeing of its people.
Specific responsibilities of the Office of the State Treasurer include the issuance of state debt, timely payment of principal and interest on the state’s bond and note obligations, and receiving, disbursing, and investing state funds. The Office of the State Treasurer also manages programs that affect Mississippians on a personal level, including the return of unclaimed property to its rightful owners and financial programs that help Mississippi families save for college.
State Treasurer David McRae also serves on nearly a dozen boards and commissions that work to improve the quality of life in Mississippi, from the Mississippi Health Care Trust Fund to the State Bond Commission, from the Mississippi Commission on Work Force Excellence to the Public Employees Retirement System.
The elected office of the State Treasurer was created under Article 5, Section 134 of the Mississippi Constitution.