New Mexico State Treasurer’s Office

What the Treasurer’s Office DOES NOT DO

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The State Treasurer’s Office does not:

Keep cash or securities on the premises. Although the State Treasurer’s Office functions as the State’s bank and invests funds on behalf of the State, no money or securities are kept in the office.

Manage the State’s Retirement Funds. The Public Employees Retirement Association and the Educational Retirement Board manage their respective funds; the State Treasurer serves as a member of their boards.
Public Employees Retirement Association
Educational Retirement Board

Manage the State’s Permanent Funds. The State Investment Council administers and manages New Mexico’s three permanent trust funds: the Land Grant Permanent Fund, the Severance Tax Permanent Fund, and the Tobacco Settlement Permanent Fund. The State Treasurer serves as a member of the board.
State Investment Council

Manage the State’s 529 College Savings Plan. Overseen by the Education Trust Board, the State of New Mexico has multiple plans available to those interested in saving for future college tuition expenses; however, the State Treasurer’s Office has no role in administering these plans. The toll-free number is: 877-337-5268. The link below will take you to The Education Plan website.
College Savings Plan Network

Administer or collect income, gross receipts (sales), or property taxes. The income and gross receipts taxes are the responsibility of the State’s Department of Taxation and Revenue.  Property taxes are the responsibility of the various county treasurers and assessors.
Department of Taxation and Revenue
New Mexico Association of Counties – County Treasurers

Administer Unclaimed Property. In New Mexico, unclaimed property is managed by the State’s Department of Taxation and Revenue. By clicking the link below, searches may be performed by name or by printing and submitting forms provided on the website.
Unclaimed Property – Department of Taxation and Revenue

Issue the State debt. The State Board of Finance has general supervision of the fiscal affairs of the State. It is charged with the safekeeping of all money and securities belonging to or in the custody of the State, and has authority to issue general obligation bonds and severance tax revenue bonds.
State Board of Finance

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