Inaugural holder Joseph C. Boyd | Formation March 15, 1820 | |
Term length Two years, renewable four times Website Maine State Treasurer website | ||
The Maine State Treasurer is a constitutional officer of the State of Maine.
The office is authorized by Article V, Part Third of the Maine Constitution. The Treasurer is chosen by the Maine Legislature in joint session for a two-year term, and can serve no more than four consecutive terms. Responsibilities of the Treasurer's Office include providing financial services for all state agencies, issuing bonds and managing the State's debt, and holding unclaimed property and working to return it to its rightful owners. The Treasurer is also an ex officio member of several state boards and agencies.
Governor Paul LePage proposed in 2015 to change how the State Treasurer is chosen from being chosen by the Legislature to a gubernatorial appointment and confirmation by the Legislature.