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Illinois State Treasurer Michael Frerichs returned nearly $276 million in unclaimed property in 2023, bringing Frerichs' total since taking office in 2015 to more than $1.9 billion.
Mike Frerichs. Michael W. Frerichs ( / ˈfrɛrɪks /; born July 28, 1973) is an American politician serving his third term as the State Treasurer of Illinois, after taking office on January 12, 2015. Before being elected treasurer, he was a Democratic member of the Illinois Senate, representing the 52nd District from 2007 until 2015.
In Illinois, the role of state treasurer is that of chief investment officer. Treasurer Michael Frerichs has held that position for two full terms, winning by less than 10,000 votes in 2014 before ...
The Treasurer is responsible, pursuant to Article V, Section 18 of the state constitution, for the safekeeping and investment of the monies and securities deposited in the public funds of Illinois. As such, the Treasurer is not the chief financial officer of Illinois. That post is reserved for a separate elected official, the Comptroller. [2]
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The 2022 United States state treasurer elections were held on November 8, 2022, to elect the state treasurer and equivalents in twenty-seven states, plus a special election in Utah. The previous elections for this group of states took place in 2018. The treasurer of Vermont serves two-year terms and was last elected in 2020 .
Treasurer Michael Frerichs is pushing legislation to allow his office, which invests the state's money, to purchase up to $1 billion in overdue bills and collect the late-payment penalties ...
Residence. Champaign, Illinois. Alma mater. Illinois State University (B.A.) University of Illinois (J.D.) Profession. Attorney. Scott Michael Bennett (July 16, 1977 – December 9, 2022) was an American attorney, politician and Democratic member of the Illinois Senate representing the 52nd district from 2015 to 2022.