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Department Responsibilities

The North Carolina Department of State Treasurer has broad authority over the finances of the state.

The following table details key responsibilities and divisions within the Department responsible for carrying them out.

Key Responsibilities	Divisions within the Department of State Treasurer
Act as fiscal advisor to the State and local governments	All divisions
Administer retirement plans and other benefit programs for public employees	Retirement Systems Division (RSD)
Invest and oversee short-term funds for government entities and long-term funds primarily for the pension fund	Investment Management Division (IMD)
Oversee local government finance, manage state and local debt issuance, and interface with bond rating agencies	Local Government Commission (LGC)
Operate the State Bank and provide internal accounting and financial reporting	Financial Operations Division (FOD)
Manage Unclaimed Property Program	Unclaimed Property Division (UPP)
Administer health benefit programs for public employees	State Health Plan

For more information on the statutory duties of the State Treasurer, please consult General Statute 147-6.