Sabtu, 22 Oktober 2011

State Treasuries of Alabama, Kentucky, Illinois, New York and Michigan

State Treasuries serve as state banks, but also manage the state's money, and therefore play a vital role in overall economic success. Universal among the states of Alabama, Kentucky, Illinois, New York and Michigan is the role of treasurer and attitudes in higher education. Each department functions to invest state funds in order to maximize profits, thus increasing their income so that the public can be better cared for. Each state has an unclaimed property fund to help reach the lost objects to their owners, and each state has implemented a savings program to help parents save for their children's education. Below is a brief description of some of the most interesting and information about each state:

Alabama State Treasury

* Prepaid Affordable College Tuition Program (PACT): This investment plan helps families by allowing them to purchase a prepaid contract to 135 semester hours of undergraduate studies in any college or university in the country

* The Security Council of Alabama Funds Enhancement (SAFE): This program consists in obtaining the banks of its own funds, by requiring that the collateral for the Treasury Department for a set of guarantees

Kentucky State Treasury

* The position of Treasurer was created by the first state constitution in 1792, but are elected every four years and act as the chief elected fiscal officer

* Kees program: This is a lottery program created to raise money to send high school graduates to college

* System Kentucky Teachers' Retirement: oversees pensions and savings of teachers

Illinois State Finance

* Agriculture and Alternative Agriculture Program Loan: Offered to farmers and agricultural specialists that produce alternative products such as grapes, strawberries, or hydroponic food. Also for those who are in the Christmas tree growing, fish farming and wine-making business

* Bank in School: This program helps elementary school children learn the basics of money management through a partnership of a local bank with a school to run a bank in the school.

New York State Treasury

* Linked Deposit Program: This program was initiated to promote small businesses in the state to invest. Banks offer interest rates below 3.2% of loans

* Fuel Tax Agreement International project, the plan simplifies the way of commercial carriers report their tax motor fuel use. With this plan you can buy a license that can be used along IFTA jurisdictions.

Michigan State Treasury

Solution snuff * Taxable bonds backed by assets, the proceeds of the sale of these bonds were used to purchase Work of Snuff and the proceeds deposited into the 21st Century Jobs Trust Fund to create more high-tech jobs.

* Michigan Municipal Bond Authority (MMBA): Established in 1985 to give schools and other areas of government funding source other than the use of certain projects.

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