Idaho Administrative Code Title IDAPA 54 - Treasurer, Office of the State
Idaho Administrative Code — Title IDAPA 54: Office of the State Treasurer
Overview
The Office of the State Treasurer in Idaho is responsible for managing the state’s funds, investments, and unclaimed property, among other financial duties. Title IDAPA 54 of the Idaho Administrative Code sets forth the rules and regulations governing the operations, procedures, and responsibilities of the State Treasurer’s office to ensure proper management and accountability of public funds.
Key Areas Covered in IDAPA 54 — Office of the State Treasurer:
1. State Funds Management
Rules governing the receipt, custody, investment, and disbursement of state funds.
Establishes guidelines for the deposit and safekeeping of public monies.
Ensures compliance with state laws on the management and reporting of state financial assets.
2. Investment Policies
Sets standards for the investment of public funds, including the types of allowable investments.
Requires the Treasurer to manage investments prudently, with an emphasis on safety, liquidity, and yield.
Procedures for monitoring and reporting investment performance to ensure transparency and accountability.
3. Unclaimed Property Program
Regulates the administration of unclaimed or abandoned property held by businesses or individuals.
Establishes processes for the collection, safekeeping, and return of unclaimed property to rightful owners.
Defines reporting requirements for holders of unclaimed property.
Sets timelines and procedures for owners to claim their property.
4. State Debt Management
Outlines rules for managing the state’s debt obligations, including issuance and repayment.
Requires coordination with other state agencies for debt reporting and compliance.
Establishes oversight of debt-related financial transactions.
5. Public Finance and Reporting
Requires the Treasurer to prepare and submit financial reports, audits, and disclosures to state officials and the public.
Ensures transparency in the handling of public funds and adherence to statutory requirements.
6. Fees and Charges
Specifies the fees and charges associated with the Treasurer’s services, such as handling unclaimed property or processing financial transactions.
Rules governing the collection and use of these fees.
7. Administrative Procedures
Sets internal administrative rules for the operation of the Treasurer’s office, including personnel policies, record-keeping, and public access to information.
Procedures for responding to public inquiries and handling complaints.
Summary
Title IDAPA 54 of the Idaho Administrative Code provides a detailed regulatory framework for the Office of the State Treasurer, ensuring the proper management of state funds, investments, unclaimed property, and debt. These rules promote fiscal responsibility, transparency, and accountability in managing Idaho’s public resources.
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