Welcome

Welcome to the website of the Georgia Office of State Treasurer (OST). We are the cash and investment manager for the State of Georgia, preserving both capital and public trust by managing Georgia's cash resources efficiently and conservatively. In FY 2023, OST generated $2.03 billion in interest for state and local governments. We recognize that the money we hold belongs to the taxpayers of Georgia, and we manage it with honesty, integrity, and the highest ethical standards until it is needed to be used in their interests.

More specifically, OST is responsible for the receipt and disbursement of all state general funds and the funds that the lottery generates for education. Our office invests these funds between their receipt and disbursement and manages other state trust and custodial fund investments. OST manages Georgia Fund 1, a local government investment pool that offers local governments and other local public institutions a safe, efficient, and liquid investment alternative. Georgia Fund 1 is a AAAf/S1 rated fund by Fitch.

In addition to our money management responsibilities, OST also advises state agencies on the development and implementation of sound, effective, and efficient banking practices and monitors their banking arrangements and account management. OST manages the Secure Deposit Program (SDP), which facilitates proper collateral management for many state and local public deposits in Georgia.  Banks with over $50 billion in total assets are required to participate, and smaller banks may ask to join the program voluntarily.  In FY 2023, the SDP managed collateral for over $23 billion in net public deposits.  Also, in the area of banking support, OST oversees merchant card and deposit placement services for state agencies.

OST also administers Georgia's two Section 529 savings plans, the Path2College 529 Plan and the Georgia STABLE plan. The Path2College 529 Plan is a tax-advantaged program of investment options allowing parents, grandparents, or others to save for qualified education expenses. Georgia STABLE is a tax-advantaged program of investment options that provides access for Georgians with disabilities to save for disability-related expenses.

Our website contains more information about the primary functions of OST. We hope you will spend a little time learning about our top-rated funds and how we can assist state agencies and other public entities with their financial management needs. 

Steve McCoy
State Treasurer