State House of Legislation

The Office of State Treasurer in Montgomery, Alabama, is dedicated to sound fiscal management and serves the citizens by maximizing returns on investments while safeguarding the state’s financial resources. Led by State Treasurer Young Boozer, the office is responsible for cash management, bond management, unclaimed property, and various savings programs including the Alabama ABLE Savings Plan and CollegeCounts 529 college savings fund. In addition to its financial stewardship, the office actively administers programs designed to support Alabama residents, such as the CollegeCounts Scholarship Program, which awarded $1.2 million in scholarships to students across the state. The Alabama Treasury also plays a crucial role in managing the Alabama Trust Fund, the state’s sovereign wealth fund, ensuring transparency and efficiency in its operations. Generated from the website

The College Savings Plan of Alabama helps families be able to establish savings plans for colleges and universities. They also give the additional benefit of tax deferment.