Regulations of Connecticut State Agencies
The Office of the Treasurer consists of five divisions which are as follows:
(1) The Executive Office of the Treasurer includes the Treasurer, the Deputy Treasurer, an Assistant Treasurer and executive and administrative assistants, and has responsibility for policy-setting, investor and corporate relations, legal and legislative affairs, public education and information, and the administration of all internal department functions, including human resources, business and office services, and special project planning, and the administration of the Unclaimed Property Program, by which the Treasurer holds all property, real and personal, left unclaimed by its owners.
(2) The Investment Division, under the direction of an Assistant Treasurer, manages the State's multi-billion dollar pension fund portfolio, manages and invests temporarily surplus cash from all sources, and administers the Secondary Market for Student Loans, under which the Treasurer may purchase federally subsidized student loans guaranteed by the Connecticut Student Loan Foundation.
(3) The Cash Management Division and Information Services, under the direction of an Assistant Treasurer, has responsibility for cash accounting and reporting, cash positioning and forecasting, bank and fund reconciliation, bank administration and check processing, as well as data processing and information services.
(4) The Debt Management Division, under the direction of an Assistant Treasurer, administers the State's bond and debt financing program, including the sales of state bonds.
(5) The Second Injury Division, under the direction of an Assistant Treasurer, is a worker's compensation program for employees with a pre-existing condition who sustain an injury on the job that results in a material worsening of the condition.
(Effective December 28, 1993)