Young Jacob Boozer III (born November 23, 1948), served as the 39th State Treasurer of Alabama from 2011 to 2019. He was elected to his first four-year term on November 2, 2010 and was unopposed and reelected for a second term on November 4, 2014. He left office on January 14, 2019. As State Treasurer, Boozer was responsible for the cash management duties of receiving, depositing and investing all state funds, bond management, unclaimed property, two college savings programs, the Enable Savings Plan Alabama and management of the state's collateral pool for public funds deposits. He played an essential role in managing the Alabama Trust Fund (ATF), Alabama's $3 billion investment fund built from the proceeds of the sale of the state's offshore oil and gas reserves. Boozer led the successful effort to restructure and save the Alabama Prepaid Affordable College Tuition Program (PACT). Boozer also served on various state-related boards including Alabama's Teacher Retirement System and Employee Retirement System Boards, the State Board of Adjustment, the Alabama Housing Finance Authority, the Community Service Grants Executive Commission, the Industrial Access Road and Bridge Corporation Board and the 457 Advisory Board. He currently serves on the Board of the Alabama Transportation Infrastructure Bank. Boozer presently serves as Assistant Superintendent of the Alabama State Banking Department and as a member of Governor Ivey's Study Group on Gambling Policy.
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