The Oklahoma Treasurer is an elected position in the Oklahoma state government. The treasurer is the chief financial officer of the state and acts as the state banker. The treasurer's office is responsible for managing the state's money, investments, pay offs of bond interest and loans, and the state's unclaimed property program.
Current officeholder
The current Oklahoma Treasurer is Todd Russ (R). Russ assumed office in 2023.
Authority
The office of the Oklahoma Treasurer is established in Article VI, Section 1 of the Oklahoma Constitution.
Article VI, Section 1:
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| A. The Executive authority of the state shall be vested in a Governor, Lieutenant Governor, Secretary of State, State Auditor and Inspector, Attorney General, State Treasurer, Superintendent of Public Instruction, Commissioner of Labor, Commissioner of Insurance and other officers provided by law and this Constitution, each of whom shall keep his office and public records, books and papers at the seat of government, and shall perform such duties as may be designated in this Constitution or prescribed by law.
B. The Secretary of State shall be appointed by the Governor by and with the consent of the Senate for a term of four (4) years to run concurrently with the term of the Governor.[1]
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Qualifications
The Oklahoma treasurer must be:
- a citizen of the United States.
- at least 31 years old.
- a qualified elector of Oklahoma for the 10 preceding years.
Article VI, Section 3 of the Oklahoma Constitution establishes the qualifications of the office:
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| No person shall be eligible to the office of Governor, Lieutenant Governor, Secretary of State, State Auditor and Inspector, Attorney General, State Treasurer or Superintendent of Public Instruction except a citizen of the United States of the age of not less than thirty-one (31) years and who shall have been ten (10) years next preceding his or her election, or appointment, a qualified elector of this state.[2]
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Elections
The Oklahoma Treasurer is elected in mid-term election years, such as 2018, 2022, 2026, and 2030.
Term limits
No person may serve as the Oklahoma Treasurer for more than eight years, excluding years served for less than a full term to fill a vacancy in the office.[3]
2022
- See also: Oklahoma Treasurer election, 2022
General election
Republican primary runoff election
Democratic primary election
The Democratic primary election was canceled. Charles de Coune advanced from the Democratic primary for Oklahoma Treasurer.
Republican primary election
Withdrawn or disqualified candidates
Libertarian primary election
The Libertarian primary election was canceled. Greg Sadler advanced from the Libertarian primary for Oklahoma Treasurer.
2018
- See also: Oklahoma Treasurer election, 2018
General election
Republican primary election
2014
- See also: Oklahoma down ballot state executive elections, 2014
Republican incumbent Ken Miller won election without opposition on November 4, 2014.
To view the electoral history dating back to 2006 for the office of Oklahoma Treasurer, click [show] to expand the section. | |
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2010
On November 2, 2010, Ken Miller won election to the office of Oklahoma Treasurer. He defeated Stephen E. Covert (D) in the general election.
2006
On November 7, 2006, Scott Meacham won re-election to the office of Oklahoma Treasurer. He defeated Howard Barnett (R) in the general election.
| Oklahoma Treasurer, 2006 |
| Party |
Candidate |
Vote % |
Votes |
| |
Democratic |
 Scott Meacham Incumbent |
59.3% |
542,347 |
| |
Republican |
Howard Barnett |
40.7% |
371,961 |
| Total Votes |
914,308 |
| Election results via Oklahoma State Board of Elections. |
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Vacancies
Under Article 6, Section 13 of the state Constitution, in the event of a vacancy in the office the governor appoints a person to serve until a successor is either elected or appointed and qualified by law.[4]
Duties
The Oklahoma Treasurer has a number of constitutional and statutory duties:[5]
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1. Receiving, depositing, and disbursing all state funds;
2. Investing temporary surplus funds;
3. Investing specific funds for other state agencies where authorized;
4. Requiring banks to furnish collateral sufficient to secure deposits of state and other public funds;
5. Paying of interest on the state's bonded debt and the redeeming of the debt at maturity;
6. Maintaining a safekeeping operation for securities owned by various state agencies, and those securities pledged as collateral to other state agencies;
7. Processing and distributing all State checks (known as warrants);
8. Administering the Business Link and Agricultural Link Programs; and
9. Administering the Unclaimed Property Program.[6]
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Divisions
- Human Resources
- Banking & Treasury Services
- Portfolio Accounting & Reporting
- Unclaimed Property[7]
State budget
- See also: Oklahoma state budget and finances
The budget for the Treasurer's office in Fiscal Year 2024 was $3,079,823.[8]
Compensation
- See also: Compensation of state executive officers
See statutes: Title 74, Chapter 10 of the Oklahoma Statutes
Title 74, Chapter 10, Section 250.4 (§74‑250.4) of the Oklahoma Statutes set the state treasurer's annual salary at $114,713 as of January 2021.[9] The amount of compensation is prescribed by law, pursuant to Article VI, Section 34 of the Oklahoma Constitution:
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| Each of the officers in this article named shall, at stated times, during his continuance in office, receive for his services a compensation, which shall not be increased or diminished during the term for which he shall have been elected; nor shall he receive to his use, any fees, cost, or perquisites of office or other compensation.[10]
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2022
In 2022, the officer's salary was $114,713, according to the Council of State Governments.[11]
2021
In 2021, the treasurer received a salary of $114,713, according to the Council of State Governments.[12]
2020
In 2020, the treasurer received a salary of $114,713, according to the Council of State Governments.[13]
2019
In 2019, the treasurer received a salary of $114,713, according to the Council of State Governments.[14]
2018
In 2018, the treasurer received a salary of $114,713, according to the Council of State Governments.[15]
2017
In 2017, the treasurer received a salary of $114,713, according to the Council of State Governments.[16]
2016
In 2016, the treasurer received a salary of $114,713, according to the Council of State Governments.[17]
2015
In 2015, the treasurer received a salary of $114,713, according to the Council of State Governments.[18]
2014
In 2014, the treasurer was paid an estimated $114,713, according to the Council of State Governments.[19]
2013
In 2013, the treasurer was paid an estimated $114,713, according to the Council of State Governments.[20]
2010
In 2010, the treasurer was paid an estimated $114,713, according to the Council of State Governments.[21]
Historical officeholders
Note: Ballotpedia's state executive officials project researches state official websites for chronological lists of historical officeholders; information for the Oklahoma Treasurer has not yet been added because the information was unavailable on the relevant state official websites, or we are currently in the process of formatting the list for this office. If you have any additional information about this office for inclusion on this section and/or page, please email us.
Recent news
The link below is to the most recent stories in a Google news search for the terms Oklahoma State Treasurer. These results are automatically generated from Google. Ballotpedia does not curate or endorse these articles.
Contact information
Oklahoma State Treasurer's Office
State Capitol Building, Room 217
2300 N. Lincoln Blvd.
Oklahoma City, OK 73105
Phone: 405-521-3191
See also
External links
- ↑ Oklahoma State Courts Network, "Oklahoma Constitution, Section Article 6 section 1 - Executive officers enumerated - Offices and records - Duties," accessed January 19, 2021
- ↑ Oklahoma State Courts Network, "Oklahoma Constitution, Section Article 6 section 3 - Eligibility to certain state offices," accessed January 19, 2021
- ↑ Oklahoma State Courts Network, "Oklahoma Constitution - Section Article 6 section 4 - Terms of office - Succession," accessed January 19, 2021
- ↑ Oklahoma State Courts Network, "Oklahoma Constitution, Section Article 6 section 13 - Officers' commissions - Vacancies," accessed January 19, 2021
- ↑ OK.gov, "Inside the Oklahoma state treasurer's office," accessed January 20, 2021
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
- ↑ OK.gov, "OST_Org_Chart.pdf," accessed January 20, 2021
- ↑ Oklahoma State Legislature, "Bill Information for HB 1004," accessed December 6, 2023
- ↑ Oklahoma State Courts Network, "Oklahoma Statutes, §74-250.4," accessed January 19, 2021
- ↑ Oklahoma State Court Networks, "Oklahoma Constitution, Section Article 6 section 34 - Compensation of officers," accessed January 19, 2021
- ↑ Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
- ↑ Issuu, "The Book of the States 2021," accessed September 28, 2022
- ↑ ISSUU, "The Book of the States | 2020 | Volume 52," accessed January 19, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed January 19, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed January 19, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed January 19, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed December 4, 2014
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," January 28, 2014
- ↑ The Council of State Governments, "The Book of States 2010 Table 4.11," accessed May 14, 2011
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