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CHAPTER 54-11STATE TREASURER54-11-01. Duties and powers of state treasurer. The state treasurer:1.Shall receive and safely keep all public moneys which must be deposited into the<br>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<br>show the amount, the source from which the money accrued, and the funds into<br>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<br>the state auditor and state treasurer out of the funds upon which they are drawn and<br>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<br>moneys received and disbursed by the treasurer in accordance with the<br>requirements of the state's central accounting system.7.Shall receive in payment of public dues the warrants drawn by the office of<br>management and budget and signed by the state auditor and state treasurer in<br>conformity with law.8.Shall redeem warrants drawn by the office of management and budget and signed<br>by the state auditor and state treasurer in conformity with law, if there is money in<br>the treasury appropriated for that purpose.9.Shall maintain a report of the payment of warrants during the month. The report<br>must show:a.The date and number of each warrant;b.The fund out of which each was paid; andc.The balance in cash on hand in the treasury to the credit of each fund.10.At the request of either house of the legislative assembly, or of any committee<br>thereof, shall give information in writing as to the condition of the treasury, or upon<br>any subject relating to the duties of office.11.Shall submit a biennial report to the governor and the secretary of state in<br>accordance with section 54-06-04.In addition to any requirements establishedpursuant to section 54-06-04, the report must show the exact balance in the treasury<br>to the credit of the state.The report also must show in detail the receipts anddisbursements, together with a summary thereof, the balances in the various funds<br>at the beginning and ending of the biennium, and also must show where the funds of<br>the state are deposited. It must be certified by the state treasurer and approved by<br>the governor.12.Shall authenticate with the official state seal all writings and papers issued from the<br>treasurer's office.Page No. 113.Shall keep and disburse all moneys belonging to the state in the manner provided by<br>law.14.Shall keep books of the state treasurer open at all times for the inspection of the<br>governor, the state auditor, the commissioner of financial institutions, the office of<br>management and budget, and any committee appointed to examine them by either<br>house of the legislative assembly.15.Unless otherwise specified by law, shall credit all income earned on the deposit or<br>investment of all state moneys to the state's general fund. This subsection does not<br>apply to:a.Income earned on state moneys that are deposited or invested to the credit of<br>the industrial commission or any agency, utility, industry, enterprise, or<br>business project operated, managed, controlled, or governed by the industrial<br>commission.b.Income earned by the Bank of North Dakota for its own account on state<br>moneys that are deposited in or invested with the Bank.c.Income earned on college and university funds not deposited in the state<br>treasury.16.Shall perform all other duties as are prescribed by law.17.Shall correct any underpayment, overpayment, or erroneous payment of tax<br>distribution funds made by the state treasurer in a timely manner. An adjustment of<br>an insignificant amount need not be made at the discretion of the state treasurer.<br>The state treasurer shall adopt a written policy identifying what is considered<br>insignificant.18.May work to promote access to financial education tools that can help all North<br>Dakotans make wiser choices in all areas of personal financial management.54-11-01.1.Bicentennial trust fund - Created - Expenditures.The centennialcommission shall transfer ten thousand dollars from its special revolving fund to the state<br>treasurer to be placed in a bicentennial trust fund. The principal and interest of this fund must<br>remain intact until transferred to the bicentennial commission on or after January 1, 2089. If no<br>bicentennial commission is in existence on January 1, 2089, the money in the bicentennial trust<br>fund must be transferred to the governor. Upon transfer to the bicentennial commission or the<br>governor, as the case may be, the moneys in the fund may be expended to commemorate and<br>celebrate the bicentennial of the state.54-11-02.Monthly warrants turned over to office of management and budget.Repealed by S.L. 1965, ch. 181, <meta property="og:url" content="https://statutes.laws.com/test/" /> <meta property="og:site_name" content="Statutes" /> <meta property="article:modified_time" content="2019-12-27T23:25:16+00:00" /> <meta name="twitter:card" content="summary_large_image" /> <h2>State Codes and Statutes</h2> <a href='https://statutes.laws.com/'>Statutes</a> > <a href='https://statutes.laws.com/north-dakota'>North-dakota</a> > <a href='https://statutes.laws.com/north-dakota/t54'>T54</a> > <a href='https://statutes.laws.com/north-dakota/t54/t54c11'>T54c11</a><br><br><a href="https://law.justia.com/codes/north-dakota/2009/t54/pdf/t54c11.pdf">Download pdf</a><br><div id="embed_document" style="width:625px; height:815px; text-align:center;">Loading PDF...</div><script type="text/javascript"> var pdf_url = 'https://law.justia.com/codes/north-dakota/2009/t54/pdf/t54c11.pdf'; $(document).ready(function() { var embedwindow = $("#embed_document"); if ($.browser.msie){ embedwindow.html('<embed src="'+pdf_url+'" width="100%" height="100%"></embed>'); } else { embedwindow.html('<iframe style="width:100%; height:100%;" src="https://docs.google.com/gview?url='+window.escape(pdf_url)+'&embedded=true" frameborder="0"></iframe>'); } });</script><br><br><noframes>CHAPTER 54-11STATE TREASURER54-11-01. Duties and powers of state treasurer. The state treasurer:1.Shall receive and safely keep all public moneys which must be deposited into the<br>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<br>show the amount, the source from which the money accrued, and the funds into<br>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<br>the state auditor and state treasurer out of the funds upon which they are drawn and<br>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<br>moneys received and disbursed by the treasurer in accordance with the<br>requirements of the state's central accounting system.7.Shall receive in payment of public dues the warrants drawn by the office of<br>management and budget and signed by the state auditor and state treasurer in<br>conformity with law.8.Shall redeem warrants drawn by the office of management and budget and signed<br>by the state auditor and state treasurer in conformity with law, if there is money in<br>the treasury appropriated for that purpose.9.Shall maintain a report of the payment of warrants during the month. The report<br>must show:a.The date and number of each warrant;b.The fund out of which each was paid; andc.The balance in cash on hand in the treasury to the credit of each fund.10.At the request of either house of the legislative assembly, or of any committee<br>thereof, shall give information in writing as to the condition of the treasury, or upon<br>any subject relating to the duties of office.11.Shall submit a biennial report to the governor and the secretary of state in<br>accordance with section 54-06-04.In addition to any requirements establishedpursuant to section 54-06-04, the report must show the exact balance in the treasury<br>to the credit of the state.The report also must show in detail the receipts anddisbursements, together with a summary thereof, the balances in the various funds<br>at the beginning and ending of the biennium, and also must show where the funds of<br>the state are deposited. It must be certified by the state treasurer and approved by<br>the governor.12.Shall authenticate with the official state seal all writings and papers issued from the<br>treasurer's office.Page No. 113.Shall keep and disburse all moneys belonging to the state in the manner provided by<br>law.14.Shall keep books of the state treasurer open at all times for the inspection of the<br>governor, the state auditor, the commissioner of financial institutions, the office of<br>management and budget, and any committee appointed to examine them by either<br>house of the legislative assembly.15.Unless otherwise specified by law, shall credit all income earned on the deposit or<br>investment of all state moneys to the state's general fund. This subsection does not<br>apply to:a.Income earned on state moneys that are deposited or invested to the credit of<br>the industrial commission or any agency, utility, industry, enterprise, or<br>business project operated, managed, controlled, or governed by the industrial<br>commission.b.Income earned by the Bank of North Dakota for its own account on state<br>moneys that are deposited in or invested with the Bank.c.Income earned on college and university funds not deposited in the state<br>treasury.16.Shall perform all other duties as are prescribed by law.17.Shall correct any underpayment, overpayment, or erroneous payment of tax<br>distribution funds made by the state treasurer in a timely manner. An adjustment of<br>an insignificant amount need not be made at the discretion of the state treasurer.<br>The state treasurer shall adopt a written policy identifying what is considered<br>insignificant.18.May work to promote access to financial education tools that can help all North<br>Dakotans make wiser choices in all areas of personal financial management.54-11-01.1.Bicentennial trust fund - Created - Expenditures.The centennialcommission shall transfer ten thousand dollars from its special revolving fund to the state<br>treasurer to be placed in a bicentennial trust fund. The principal and interest of this fund must<br>remain intact until transferred to the bicentennial commission on or after January 1, 2089. If no<br>bicentennial commission is in existence on January 1, 2089, the money in the bicentennial trust<br>fund must be transferred to the governor. Upon transfer to the bicentennial commission or the<br>governor, as the case may be, the moneys in the fund may be expended to commemorate and<br>celebrate the bicentennial of the state.54-11-02.Monthly warrants turned over to office of management and budget.Repealed by S.L. 1965, ch. 181, <script type="application/ld+json" class="yoast-schema-graph">{"@context":"https://schema.org","@graph":[{"@type":"WebPage","@id":"https://statutes.laws.com/test/","url":"https://statutes.laws.com/test/","name":"State Codes and Statutes - Statutes","isPartOf":{"@id":"https://statutes.laws.com/#website"},"datePublished":"2015-03-10T03:31:37+00:00","dateModified":"2019-12-27T23:25:16+00:00","breadcrumb":{"@id":"https://statutes.laws.com/test/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https://statutes.laws.com/test/"]}]},{"@type":"BreadcrumbList","@id":"https://statutes.laws.com/test/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://statutes.laws.com/"},{"@type":"ListItem","position":2,"name":"State Codes and Statutes"}]},{"@type":"WebSite","@id":"https://statutes.laws.com/#website","url":"https://statutes.laws.com/","name":"Statutes","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://statutes.laws.com/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}</script> <!-- / Yoast SEO Premium plugin. --> <link rel='dns-prefetch' href='//fonts.googleapis.com' /> <link rel="alternate" type="application/rss+xml" title="Statutes &raquo; Feed" href="https://statutes.laws.com/feed/" /> <script type="text/javascript"> /* <![CDATA[ */ window._wpemojiSettings = {"baseUrl":"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/72x72\/","ext":".png","svgUrl":"https:\/\/s.w.org\/images\/core\/emoji\/14.0.0\/svg\/","svgExt":".svg","source":{"concatemoji":"https:\/\/statutes.laws.com\/wp-includes\/js\/wp-emoji-release.min.js?ver=a5641cd4dc387370aaa12d48da898bd7"}}; /*! 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class="shortcode-content"> <h2>State Codes and Statutes</h2> <a href='https://statutes.laws.com/'>Statutes</a> > <a href='https://statutes.laws.com/north-dakota'>North-dakota</a> > <a href='https://statutes.laws.com/north-dakota/t54'>T54</a> > <a href='https://statutes.laws.com/north-dakota/t54/t54c11'>T54c11</a><br><br><a href="https://law.justia.com/codes/north-dakota/2009/t54/pdf/t54c11.pdf">Download pdf</a><br><div id="embed_document" style="width:625px; height:815px; text-align:center;">Loading PDF...</div><script type="text/javascript"> var pdf_url = 'https://law.justia.com/codes/north-dakota/2009/t54/pdf/t54c11.pdf'; $(document).ready(function() { var embedwindow = $("#embed_document"); if ($.browser.msie){ embedwindow.html('<embed src="'+pdf_url+'" width="100%" height="100%"></embed>'); } else { embedwindow.html('<iframe style="width:100%; height:100%;" src="https://docs.google.com/gview?url='+window.escape(pdf_url)+'&embedded=true" frameborder="0"></iframe>'); } });</script><br><br><noframes>CHAPTER 54-11STATE TREASURER54-11-01. Duties and powers of state treasurer. The state treasurer:1.Shall receive and safely keep all public moneys which must be deposited into the<br>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<br>show the amount, the source from which the money accrued, and the funds into<br>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<br>the state auditor and state treasurer out of the funds upon which they are drawn and<br>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<br>moneys received and disbursed by the treasurer in accordance with the<br>requirements of the state's central accounting system.7.Shall receive in payment of public dues the warrants drawn by the office of<br>management and budget and signed by the state auditor and state treasurer in<br>conformity with law.8.Shall redeem warrants drawn by the office of management and budget and signed<br>by the state auditor and state treasurer in conformity with law, if there is money in<br>the treasury appropriated for that purpose.9.Shall maintain a report of the payment of warrants during the month. The report<br>must show:a.The date and number of each warrant;b.The fund out of which each was paid; andc.The balance in cash on hand in the treasury to the credit of each fund.10.At the request of either house of the legislative assembly, or of any committee<br>thereof, shall give information in writing as to the condition of the treasury, or upon<br>any subject relating to the duties of office.11.Shall submit a biennial report to the governor and the secretary of state in<br>accordance with section 54-06-04.In addition to any requirements establishedpursuant to section 54-06-04, the report must show the exact balance in the treasury<br>to the credit of the state.The report also must show in detail the receipts anddisbursements, together with a summary thereof, the balances in the various funds<br>at the beginning and ending of the biennium, and also must show where the funds of<br>the state are deposited. It must be certified by the state treasurer and approved by<br>the governor.12.Shall authenticate with the official state seal all writings and papers issued from the<br>treasurer's office.Page No. 113.Shall keep and disburse all moneys belonging to the state in the manner provided by<br>law.14.Shall keep books of the state treasurer open at all times for the inspection of the<br>governor, the state auditor, the commissioner of financial institutions, the office of<br>management and budget, and any committee appointed to examine them by either<br>house of the legislative assembly.15.Unless otherwise specified by law, shall credit all income earned on the deposit or<br>investment of all state moneys to the state's general fund. This subsection does not<br>apply to:a.Income earned on state moneys that are deposited or invested to the credit of<br>the industrial commission or any agency, utility, industry, enterprise, or<br>business project operated, managed, controlled, or governed by the industrial<br>commission.b.Income earned by the Bank of North Dakota for its own account on state<br>moneys that are deposited in or invested with the Bank.c.Income earned on college and university funds not deposited in the state<br>treasury.16.Shall perform all other duties as are prescribed by law.17.Shall correct any underpayment, overpayment, or erroneous payment of tax<br>distribution funds made by the state treasurer in a timely manner. An adjustment of<br>an insignificant amount need not be made at the discretion of the state treasurer.<br>The state treasurer shall adopt a written policy identifying what is considered<br>insignificant.18.May work to promote access to financial education tools that can help all North<br>Dakotans make wiser choices in all areas of personal financial management.54-11-01.1.Bicentennial trust fund - Created - Expenditures.The centennialcommission shall transfer ten thousand dollars from its special revolving fund to the state<br>treasurer to be placed in a bicentennial trust fund. The principal and interest of this fund must<br>remain intact until transferred to the bicentennial commission on or after January 1, 2089. If no<br>bicentennial commission is in existence on January 1, 2089, the money in the bicentennial trust<br>fund must be transferred to the governor. Upon transfer to the bicentennial commission or the<br>governor, as the case may be, the moneys in the fund may be expended to commemorate and<br>celebrate the bicentennial of the state.54-11-02.Monthly warrants turned over to office of management and budget.Repealed by S.L. 1965, ch. 181, <!-- END .shortcode-content --> </div> </div> <!-- END .main-content-left --> </div> <!-- BEGIN .main-content-right --> <div class="main-content-right"> <!-- BEGIN .main-nosplit --> <div class="main-nosplit"> <!--<div class="widget-0 first panel"> <h3>Advertising</h3> <script type="text/javascript"> /* var rkbspt = document.createElement('script'); rkbspt.type = 'text/javascript'; rkbspt.src = 'https://c.amazon-adsystem.com/aax2/getads.js'; var rkbscpt = document.querySelector('.widget-0.panel').appendChild(rkbspt); rkbscpt.onload = function(){ aax_getad_mpb({ "slot_uuid":"557c365d-8984-4710-a63b-62d1baabc10e" }); }; */ </script> <script id="mNCC" language="javascript"> medianet_width = "336"; 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