Treasurer and Receiver-General of Massachusetts

The treasurer is elected by the people on Election Day in November to four-year terms, and takes office on the third Wednesday of the January following a general election. There is no limit to the number of terms a treasurer may hold.{{Cite web|url=https://malegislature.gov/Laws/Constitution|title=Article LXIV, Constitution of the Commonwealth of Massachusetts|publisher=General Court of Massachusetts|access-date=April 8, 2024}} Institutionally speaking, the treasurer is thus independent of both the governor and General Court for the purpose of performing their official duties. These constitutional protections notwithstanding, the treasurer may still be impeached for misconduct or maladministration by the House of Representatives and, if found guilty, removed from office by the Senate.{{Cite web|url=https://malegislature.gov/Laws/Constitution|title=Article VIII, Constitution of the Commonwealth of Massachusetts|publisher=General Court of Massachusetts|access-date=April 8, 2024}}

Any person seeking election to the office of treasurer must meet the following requirements:

1. Be at least eighteen years of age;
2. Be a registered voter in Massachusetts;
3. Be a Massachusetts resident for at least five years when elected; and
4. Receive 5,000 signatures from registered voters on nomination papers.{{cite web |url=https://www.sec.state.ma.us/ele/elepdf/Candidates-Guide-generic.pdf |title=How to Run for Office in Massachusetts |date=March 2017 |website=Massachusetts Secretary of the Commonwealth |access-date=December 26, 2022}}

In the event of a vacancy in the office of treasurer, the General Court is charged, if in session, with electing from among the eligible citizens of the Commonwealth a successor to serve the balance of the prior treasurer's term in office.{{Efn|Citizens of the Commonwealth of the Massachusetts are officially designated as "Bay Staters". Being a Bay Stater implies concurrent U.S. citizenship, which is required in order to vote in Massachusetts and to run for any public office, including that of treasurer and receiver-general.{{Cite web|url=https://malegislature.gov/Laws/GeneralLaws/PartI/TitleI/Chapter2/Section35|title=Massachusetts General Laws, Chapter 2, Section 35: Designation of citizens of commonwealth|publisher=General Court of Massachusetts|access-date=April 8, 2024}}{{Cite web|url=https://www.sec.state.ma.us/divisions/elections/voter-resources/registering-to-vote.htm|title=Registering to Vote|publisher=Elections Division, Massachusetts Office of the Secretary of the Commonwealth|access-date=April 8, 2024}}}} If, however, the vacancy occurs while the General Court is not in session, then responsibility for appointing a successor falls to the governor. The appointment is not valid without the advice and consent of the Governor's Council.{{Cite web|url=https://malegislature.gov/Laws/Constitution|title=Article XVII, Constitution of the Commonwealth of Massachusetts|publisher=General Court of Massachusetts|access-date=April 8, 2024}}

The state treasurer is in effect the chief financial officer for the Commonwealth of Massachusetts.{{Cite web|url=https://malegislature.gov/Laws/GeneralLaws/PartI/TitleII/Chapter10|title=General Laws of the Commonwealth of Massachusetts, Part I, Title II, Chapter 10: Department of the State Treasurer|publisher=General Court of Massachusetts|access-date=April 14, 2024}} As such, the state treasurer manages the Commonwealth's cash flows and invests the working capital of state agencies and local governments.{{Cite web|url=https://www.mass.gov/orgs/cash-management-department-of-the-treasury|title=Cash Management Department of the Treasury|publisher=Office of the Treasurer and Receiver-General of Massachusetts|access-date=April 12, 2024}} The state treasurer is also responsible for issueing, registering, and servicing the Commonwealth's public debt along with administering escheats and unclaimed property that accrue to the Commonwealth.{{Cite web|url=https://www.mass.gov/orgs/debt-management|title=Debt Management Department of the Treasury|publisher=Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts|access-date=April 12, 2024}}{{Cite web|url=https://www.findmassmoney.gov/|title=Unclaimed Property Division|publisher=Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts|access-date=April 12, 2024}} These are core functions shared with other state treasurers.{{Cite web|url=https://nast.org/wp-content/uploads/FINAL_NAST_Infographic2-new-address.pdf|title=State Treasurers Count|publisher=National Association of State Treasurers|access-date=April 12, 2024}}

Other programs have been assigned to the state treasurer by law. For example, the state treasurer regulates the sale of alcoholic beverages within intrastate commerce, provides tax-advantaged ABLE and college savings programs to Bay Stater residents, and manages the state lottery.{{Cite web|url=https://www.mass.gov/orgs/alcoholic-beverages-control-commission|title=Alcoholic Beverages Control Commission|publisher=Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts|access-date=April 14, 2024}}{{Cite web|url=https://www.mass.gov/orgs/office-of-economic-empowerment|title=Office of Economic Development|publisher=Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts|access-date=April 12, 2024}}{{Cite web|url=https://www.masslottery.com/|title=Massachusetts Lottery|publisher=Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts|access-date=April 12, 2024}} Likewise, the state treasurer administers deferred compensation plans to public and nonprofit employees along with bonuses to veterans, servicemembers, and military families domiciled in Massachusetts.{{Cite web|url=https://www.mass.gov/orgs/defined-contribution-plans|title=Defined Contribution Plans Department of the Treasury|publisher=Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts|access-date=April 12, 2024}}{{Cite web|url=https://www.mass.gov/orgs/veterans-bonus-division|title=Veterans' Bonus Division|publisher=Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts|access-date=April 12, 2024}}

Aside from these functional responsibilities, the state treasurer is ex officio chair of the Massachusetts Clean Water Trust, the Massachusetts School Building Authority, the Massachusetts State Retirement Board, and the Pension Reserves Investment Management Board.{{Cite web|url=https://www.mass.gov/orgs/the-massachusetts-clean-water-trust|title=Massachusetts Clean Water Trust|publisher=Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts|access-date=April 12, 2024}}{{Cite web|url=https://www.massschoolbuildings.org/|title=Massachusetts School Building Authority|publisher=Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts|access-date=April 12, 2024}}{{Cite web|url=https://www.mass.gov/orgs/massachusetts-state-retirement-board|title=Massachusetts State Retirement Board|publisher=Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts|access-date=April 12, 2024}}{{Cite web|url=https://www.mapension.com/|title=Pension Reserves Investment Management Board|publisher=Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts|access-date=April 12, 2024}} These independent agencies are governed by multimember boards attached to the Office of the Treasurer and Receiver-General for administrative purposes.

The Office of the Treasurer and Receiver-General is organized into the following departments:

1. the Alcoholic Beverages Control Commission;
2. the Department of Cash Management;
3. the Department of Debt Management;
4. the Department of Defined Compensation Plans;
5. the Massachusetts Clean Water Trust;
6. the Massachusetts School Building Authority;
7. the Massachusetts State Lottery;
8. the Office of Economic Empowerment;
9. the Pension Reserves Investment Management Board;
10. the State Retirement Board;
11. the Unclaimed Property Division; and
12. the Veterans' Bonus Division.{{Cite web|url=https://www.masstreasury.org/departments|title=Departments|publisher=Office of the Treasurer and Receiver-General of the Commonwealth of Massachusetts|access-date=April 14, 2024}}

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• Government budget

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• [http://www.mass.gov/treasury Official site], via Mass.gov
• John Hull (merchant)

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{{Current Massachusetts statewide political officials}}

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{{U.S. State Treasurers}}

Treasurer