What does the state treasurer do?

Answer:

Manages the state's investments, administers budget funds and chairs the N.C. Banking Commission.

As the state's chief financial officer, the treasurer manages more than $75 billion in state funds and administers the General Fund, Highway Fund, and Highway Trust Fund.

The treasurer also administers a number of state investment programs, including retirement, pension and worker's compensation.

In addition, the treasurer serves on the State Board of Education, the N.C. Board of Community Colleges and the boards for the state's public employee retirement systems. The treasurer works with the state's 401(k) and 457 plans offered to public employees.

The treasurer is one of eight members of the Council of State, which oversees spending of tax dollars and conducts business on behalf of state government.

North Carolina is one of 36 states that elect treasurers by popular vote, and 22 states that do not have term limits for the office.

John Haywood was the longest-serving treasurer in state history. Haywood served for 40 years until his death in 1827. Harlan Boyles, who left office in 2000, served for 24 years.

What does the lieutenant governor do?

Answer:

Oversees the state Senate, serves on state boards and takes over if the governor cannot serve.

Elected separately from the governor to a four-year term, the lieutenant governor is first in line to succeed if the governor leaves the state, is incapacitated, is removed from office or dies.

The lieutenant governor serves as the Senate president, but votes only to break a tie.

The position originally had considerable power to direct Senate debate. When Republican Jim Gardner took the job in 1988, the Democratic-controlled legislature gave those duties to the president pro tem of the Senate.

The lieutenant governor is one of eight members of the Council of State, which oversees spending of tax dollars and conducts business on behalf of state government.

In addition, the lieutenant governor serves on the State Board of Education, the N.C. Board of Community Colleges, the N.C. Rural Economic Development Center Board and the Health and Wellness Trust Fund Commission.

Candidates for lieutenant governor must be at least 30 years old, U.S. citizens for at least five years and North Carolina residents for at least two years.

Like the governor, the lieutenant governor is limited to two consecutive terms.

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