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North Dakota State Treasurer
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About the Office

The Office of the North Dakota State Treasurer was established under Article V, section 2, of the North Dakota State Constitution. The Treasurer is elected by the people of North Dakota to serve a four-year term.


The Mission of the Office of the State Treasurer is to fulfill its constitutional and statutory responsibilities in order to assure sound financial oversight and absolute safety of all public funds collected, managed, and disbursed. (Adopted 2005)


The State Treasurer and her staff serve the people of North Dakota by providing sound leadership and prudent investment practices of state dollars. The Treasurer and her staff also work in cooperation with the Bank of North Dakota. The Bank of North Dakota is the only State-owned bank in the nation.

The Office of the State Treasurer is separated into five divisions: Administration, Investments, Accounting, Tax Distributions, and Cash Management.


The State Treasurer serves as a member of the following entities by law:

  • State Board of Equalization
  • State Historical Board
  • State Investment Board
  • Teacher's Fund for Retirement Board
  • Board of University and School Lands
  • State Canvassing Board

On a national level, Treasurer Schmidt is recognized by her peers as a leader. She was elected Chair of the State Financial Officers Foundation in September 2014, and served as President of the National Association of State Treasurers (NAST) in 2011. She also chaired the NAST Foundation, which oversees the associationís educational activities.


View a listing of taxes collected by the Treasurer.
View a schedule of tax distributions.
View our most recent Biennial Report (387kb pdf)

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