VOTE411 Voter Guide

Description: The Treasurer of South Dakota is the state s chief banking official serving as the receiver and custodian of all state fund transfers and deposits. The office also manages banking relationships for the state of South Dakota and monitors local bank accounts held by various state agencies. The Treasurer additionally plays a role in responsible management of South Dakota s resources by sitting on the board of the State Investment Council which manages investment of the financial assets of the State of South Dakota. Additionally, the State Treasurer is a member of the State Board of Finance which manages state financial issues including bad debt, moving allowance for state transfers, per diem allowances, etc.Term: 4 year term; Limit: 2 consecutive termsSalary: $93,046Requirements for Office: There are no specific qualifications for this office.