[ First paragraph effective until July 1, 2007. For text effective July 1, 2007, see below.]
Section 1. There shall be a department of the state treasurer, under his supervision and control, organized as provided in this chapter. The state treasurer shall receive a salary of $124,920.
[ First paragraph as amended by 2007, 140, Sec. 9 effective July 1, 2007. See 2007, 140, Sec. 64. For text effective until July 1, 2007, see above.]
There shall be a department of the state treasurer, under his supervision and control, organized as provided in this chapter. The state treasurer shall receive a salary of $124,920, and an additional amount to be calculated by applying the adjustment percentage most recently ascertained by the governor pursuant to Article CXVIII of the Articles of Amendment to the Constitution to the preceding figure.
Notwithstanding other provisions of this section to the contrary, any state treasurer who has served, or but for resignation would have served, two consecutive terms in that office within the preceding eleven years shall receive no compensation. For the purpose of this section, any person serving as state treasurer as of January 15, 1995 shall be deemed to be serving his first term in that office.