The Treasurer shall receive an annual salary of one hundred ten thousand dollars. Before entering upon the execution of the duties of the office, the Treasurer shall give a bond to the state, with sufficient surety, in the sum of two hundred thousand dollars, for the term for which the Treasurer has been elected, which bond shall be conditioned for the faithful performance of such duties other than in connection with the School Fund. The Treasurer shall devote full time to the duties of the office.
(1949 Rev., S. 105, 3586, subs. (4); 1951, S. 1960d, subs. (4); February, 1965, P.A. 331, S. 41; 1972, P.A. 281, S. 35; P.A. 77-576, S. 53, 65; P.A. 82-365, S. 4, 8; P.A. 86-375, S. 3, 9; P.A. 98-227, S. 3, 9; P.A. 00-231, S. 2, 10.)
History: 1965 act increased salary from $8,000 to $15,000 effective with respect to treasurer elected November 8, 1966; 1972 act increased salary to $20,000, effective January 8, 1975; P.A. 77-576 increased treasurer's salary to $25,000, effective January 1, 1979; P.A. 82-365 increased treasurer's annual salary to $35,000 and added provision requiring treasurer to devote full time to duties of office; P.A. 86-375 increased treasurer's annual salary to $50,000; P.A. 98-227 increased Treasurer's annual salary to $70,000, effective January 6, 1999; P.A. 00-231 increased Treasurer's salary to $110,000 and made technical changes for the purposes of gender neutrality, effective January 8, 2003.
See Sec. 3-40 re Treasurer's duties with respect to School Fund and Agricultural College Fund.
See Sec. 4-14 re transportation allowance.
Bond applies with respect to unemployment compensation fund. 133 C. 118.
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