Eickelberg Appointed to Virginia Treasury Board

On Wednesday, July 3, Virginia Governor, Glenn Youngkin announced the appointment of Loudoun
County Treasurer Henry C. Eickelberg to the Virginia Treasury Board.

Virginia State Treasurer and Virginia Treasury Board Chairman David L. Richardson said, “Our Commonwealth heavily relies on the financial expertise and fiduciary oversight the Treasury Board
members provide. I am confident Treasurer Eickelberg will be a strong contributor to that effort.”

Eickelberg said, “I want to thank both Governor Youngkin and Treasurer Richardson for their confidence in me. The Treasury Board oversees a number of programs critical to the daily operations of not only my office as Loudoun Treasurer, but virtually every other Treasurer’s office across the Commonwealth. I’m looking forward to working with Chairman Richardson and the other board members in overseeing these important programs.”

The Treasury Board is a policy board in the executive branch of state government established under §2.2-2416 of the Code of Virginia. Among its powers and duties, the Treasury Board exercises general supervision over all investments of state funds, administers the Security for Public Deposits Act and the State Non-Arbitrage Program, and makes recommendations to the Governor on proposed financing arrangements.

The board also approves the terms and structure of certain bonds or other financing arrangements paid
from state appropriations, establishes guidelines for bonds or financing arrangements, and approves the financial terms of lease purchases for state agencies.

The Treasury Board oversees and advises the business activities of the divisions of Cash Management
and Investments, Debt Management, and Operations of the Department of the Treasury.