Section 3-11-2 - Basic organizationThe Office of the Treasurer consists of six divisions which are as follows:
(1)The Executive Office of the Treasurer has responsibility for policy-setting, investor and corporate relations, legal, compliance and legislative affairs, financial reporting, public education and information, the administration of all internal department functions, including human resources, business and office services, information technology and special project planning, and the administration of theConnecticut Higher Education Trust, the State's college savings plan qualified under section 529 of the United States Internal Revenue Code.(2)The Pension Funds Management Division manages the State's multi-billion dollar pension and trust funds portfolio.(3)The Cash Management Division has responsibility for cash accounting and reporting, cash positioning and forecasting, bank and fund reconciliation, bank administration and check processing, and managing the Short-Term Investment Fund, created pursuant to section 3-27a of the Connecticut General Statutes, and other combined investment pools.(4)The Debt Management Division administers the State's bond and debt financing program, including the sales of State bonds.(5)The Second Injury Division administers the Second Injury Fund, pursuant to section 3-27a of the Connecticut General Statutes, for (A) employees with a pre-existing condition who sustain an injury on the job that results in a material worsening of the condition and (B) employees who have received an award of compensation but whose employer or employer's insurer fails or is unable to pay.(6)The Unclaimed Property Division is responsible for administration of the State's unclaimed property program, which includes collection and custody of assets whose rightful owners cannot be located, and processing of claims filed by individuals and entities claiming ownership of such assets.Conn. Agencies Regs. § 3-11-2
Effective December 28, 1993; Amended September 13, 2016