A Guide to the State Treasurer's Correspondence of the Virginia Dept. of the Treasury, 1962-2022 Treasury, Dept. of the, State Treasurer's correspondence, 1962-2022 38086, 54159, 54287

A Guide to the State Treasurer's Correspondence of the Virginia Dept. of the Treasury, 1962-2022

A Collection in
the Library of Vrginia
Accession Number 38086, 54159


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Library of Virginia

The Library of Virginia
800 East Broad Street
Richmond, Virginia 23219-8000
USA
Email: archdesk@lva.virginia.gov(Archives)
URL: http://www.lva.virginia.gov/

© 2022 By The Library of Virginia. All Rights Reserved.

Processed by: Staff

Repository
The Library of Virginia
Accession Number
38086, 54159, 54287
Title
State Treasurer's Correspondence of the Virginia Dept. of the Treasury, 1962-2002
Extent
62 cubic feet (62 Boxes)
Creator
Virginia Dept. of the Treasury
Language
English

Administrative Information

Access Restrictions

There are no access restrictions.

Use Restrictions

There are no restrictions.

Preferred Citation

State Treasurer's Correspondence of the Virginia Dept. of the Treasury, [cite specific date and accession used], State government records collection, The Library of Virginia, Richmond, Va. 23219.

Acquisition Information

Accession 38086 transferred from the Virginia Dept. of the Treasury on May 8, 2001.

Accession 54159 transferred from the Virginia Dept. of the Treasury on April 16, 2024.

Accession 54287 transferred from the Virginia Dept. of the Treasury on August 27, 2024.

Processing Information

This collection has been processed using minimal processing standards. The original arrangement has been maintained, the container list is brief and simple, and the records have not been refoldered and fasteners have not been removed.

Historical Information

OFrom 1691 to 1776, the Treasurer's Office was a powerful, independent agency. Following the adoption of the state constitution in May 1776, the treasurer has served as a fiscal agent subsidiary to the auditor of public accounts, then to the second auditor, as well, and finally, since March 1, 1928, to their successor, the comptroller. The treasurer kept separate books and sat on the board of directors for three significant funds: the Literary Fund (1811), the Internal Improvement Fund (1816), and the Sinking Fund (1835).

The office of treasurer was created to collect all the revenues raised from duties on skins, furs, and foreign liquors to support the College of William and Mary. From 1691 until 1723, the speaker of the House of Burgesses was appointed treasurer. The offices of speaker and treasurer were separated in 1766. In October 1776 the General Assembly established the auditor as the primary fiscal agent and in October 1778 specified the treasurer's subservient status to the auditor. The treasurer received and disbursed state money on warrants from the first or second auditor after the latter office was created in 1823 and kept accounts in books which he compared yearly with those of the two auditors. His basic duties remained unchanged from 1792 until March 1, 1928, when the Byrd plan for reorganizing state government went into effect.

On April 18, 1927 the Reorganization Act of 1927 created the Dept. of Finance, which included the Division of the Treasury, was created. The Office of Comptroller was created to perform the functions formerly exercised by the first and second auditors. The treasurer's basic duties still remained unchanged, but he now answered to the comptroller. A significant change required the comptroller to audit each claim to determine its validity before he authorized the treasurer to make payment. In addition, these two officers were designated Commissioners of the Sinking Fund and, along with the governor, members of the Finance Board. A 1928 amendment to the Reorganization Act of 1927 required the treasurer to make daily reports of all receipts to the comptroller, and to take custody of all bonds and certificates of the state debt.

The Treasurer is now a gubernatorial appointment. A 1948 Act of the General Assembly changed the Division of Treasury to the Department of Treasury. The 1950 revision of the Code of Virginia stipulated that a treasury board was to replace both the Finance Board and the Commissioners of the Sinking Fund. The treasurer, comptroller, and state tax commissioner were designated as members of this board. They were responsible for supervising all investments of state funds, for designating state depositories, for managing the Sinking Fund, and for any other matters which might be conferred upon them by law.

In 1972 the General Assembly passed an act to establish a governor's cabinet composed of administrative secretaries, and the Dept. of Treasury was placed under the Secretary of Finance control. From 1973 until 1984 the Dept. of Treasury was placed under the Secretary of Administration and Finance. In 1984 it was placed under the Secretary of Finance.

Scope and Content

State Treasurer's correspondence, 1962-1999, includes correspondence and subject files related to the Virginia Dept. of the Treasury. Contains correspondence, budget files, conference and association materials, legislation, memoranda, procedures, program files, reports, and general files of the Treasurer of Virginia. Also contains meeting materials and minutes of the Treasury Board, Virginia Higher Education Tuition Trust Fund, Virginia Housing Development Authority, Virginia Outdoors Foundation, Virginia Public School Authority, Virginia College Building Authority, and the Virginia Port Authority.

Accession 38086: Contains correspondence, memoranda, and general files of the Treasurer of Virginia. Also contains meeting minutes of the Treasury Board, the Virginia Public School Authority, Virginia College Building Authority, and the Virginia Port Authority.

Accession 54159 (2005-2022): Includes records for State Treasurers, Jody Wagner, 2002-2006; Braxton Powell, 2006-2008; and Manju Ganeriwala, 2009-2022. Topics include, but not limited to: audits, Commission on Retirement Security and Pension Reform, decision requests, higher education restructuring, internal and external meetings, JLARC studies, legislation, Literary Fund, National Association of State Treasurers (NAST), strategic planning, and Virginia Port Authority.

Accession 54287 includes the correspondence and subject files of State Treasurer Jody Wagner, 2002-2005. Some documents may pre-date 2002, but they were collected during tenure of Wagner.

Arrangement

This collection is arranged in original order.

Contents List

State Treasurer's correspondence (Accession 38056), 1962-1999 .
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State Treasurer's correspondence (Accession 54159), 2005-2022 .
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State Treasurer's correspondence - Jody Wagner (Accession 54287), 1999-2005 .
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