The Treasurer's Office serves as safekeeping agent for a variety of State Agency deposits and private purpose trust funds. In addition to what is presented below, the Treasurer's Office maintains records for 'non-cash' deposits on behalf of state agencies, including surety bonds and letters of credit.*
State Held Trust Investment Policy (PDF)
| Trust | Description | Where | 6/30/23 Value |
|---|---|---|---|
| Baxter State Park Trust Fund | Fund established by Percival Baxter for care of Baxter State Park; earnings are distributed semiannually. | Principal is split between three custodial managers. | $10.4 million market value |
| Baxter-MacWorth Trust Fund | Funds used to acquire new lands for Baxter State Park. | Principal and earnings held by custodial manager. | $163,644 market value |
| Bureau of Insurance 3rd Party Administrator Deposits* | Performance deposits required by M.R.S.A. Title 24-A, Sections 1901 through 1912. | Assorted securities and cash equivalent funds held by custodian | $23.7 million par value |
| Bureau of Insurance Worker's Compensation Deposits* | Deposits made by Worker's Compensation Benefit self-insured employers as required by M.R.S.A. Title 39-A, Section 403. | Segregated funds held in bank accounts, CD's and other securities. | $1.5 million |
| Fire Fighters & Law Enforcement Officers Health Insurance Trust | A trust fund established by M.R.S.A. Title 5, Section 286-M for the purpose of accumulating resources to assist in retiring the unfunded liability of the Firefighters and Law Enforcement Officers Health Insurance Program Fund. | $17.1 million | |
| Lands Reserved Trust Funds | Established to account for revenue derived from the sale of timber from public lands and from appreciation on investments. Income is to be used for school purposes by organized towns or plantations. Income is distributed annually. | Principal is split between three custodial managers. | $21.1 million market value |
| Maine Employment Security Deposits* | Deposits made by self-insured Unemployment Compensation employers as required by M.R.S.A. Title 26, Chapter 13, Section 1221. | Segregated funds held in passbook savings, money market accounts, CD's and other securities. | $11.4 million |
| Permanent School Fund | Established in 1828, the income is used to support schools through the Department of Education. Income is distributed semiannually. | Principal is held by custodial manager | $5.2 million market value |
| Several Trust Funds | Trusts designated for specific purposes. Beneficiaries include patients of State Mental Health Facilities, inmates at Correctional Facilities, tuberculosis patients, education facilities and others. Income is distributed semi-annually or according to the specified terms of the trust. | Principal is split between two custodial managers. | $31.1 million market value |
| Treasurer's Safekeeping | Miscellaneous escrow or short term placement of Agency-held funds such as Lottery agency deposits, arbitrage funds, workers compensation deposits and others. | Variety of account types including CD's, savings, cashpool, money markets, funds held by custodians, etc. | $2.2 million |
| Unclaimed Property Fund | Holders of property presumed abandoned report these properties to the Treasurer annually. The Treasurer will honor these claims in perpetuity. | Maintained in the Treasurer's Cashpool. | $299 million cash value $3.2 million stock value |