Brian Krolicki
Encyclopedia
Brian K. Krolicki is an American
politician
. He is the 33rd and current Lieutenant Governor of Nevada
, elected in 2006. As the Lieutenant Governor, he presides over the Nevada State Senate, chairs the Commission on Tourism, and serves on the State Board of Transportation and the Reno Tahoe Winter Games Coalition. Previously he served two terms as the Nevada State Treasurer
. He is a member of the Republican Party
. Krolicki is unable to run for a third term in 2014 due to term limits
.
, where he graduated in 1983 with a degree in Political Science
.
, Krolicki worked for Bankers Trust
in New York City
, and Smith Barney
in San Francisco and Manama
, Bahrain
.
in Nevada.
Along his work in higher-education accessibility, Krolicki obtained upgrades from credit-rating agencies for Nevada, saving taxpayers millions of dollars in interest payments. All rating agencies now consider Nevada just a notch below AAA, the highest and most coveted rating, and held by very few states. Krolicki was also the first State Treasurer in the United States
to receive the coveted Certificate of Excellence in Investment Policy from the Association of Public Treasurers of the United States and Canada. Krolicki also formulated and implemented many investment programs that obtained tens of millions of dollars in revenue for the state.
On the national level, in 2002, Brian was unanimously elected by his peers to serve as president of the National Association of State Treasurers
(NAST), which collectively represents over $1 trillion in assets. As president, he founded the NAST Committee on Corporate Governance and served as chairman of the NAST Foundation, which promotes financial literacy and education throughout the nation. He has worked hard to promote financial literacy in Nevada by introducing the Nevada Women’s Money Conference, a free event designed to provide the necessary tools and information to become financially educated. In May 2004, Brian was selected by his state treasurer colleagues to receive the Unruh Award, given to the nation’s most outstanding state treasurer. Most recently, in December 2004, Brian was again honored by his national peers in both the private and public sectors with the highly regarded Gritz Award for Excellence in Public Finance in recognition of his leadership and innovation in the area of public debt management.
, Krolicki announced he was seeking re-election to his current post.
On December 3, 2008, Krolicki was indicted (and then exonerated) on four felony counts. The charges were related to Krolicki's management of a multibillion-dollar college savings program in his previous position as Nevada's state treasurer. Two of the counts were of misappropriation and falsification of accounts by a public officer, and two counts were of misappropriation by a treasurer. He faced up to four years in prison on each of the four counts for a maximum of sixteen years. Krolicki said that there is no basis for the charges and that it is a partisan effort by Democratic Attorney General Catherine Cortez Masto
and U.S. Senate Majority Leader Harry Reid
.
A Las Vegas judge later dismissed the charges exonerating Krolicki and his Chief of Staff Kathy Besser.
of the Basque Country
gave him the Lagun Onari (to the best friend) basque prize in the state visit of the lehendakari Patxi Lopez
to the United States
.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
politician
Politician
A politician, political leader, or political figure is an individual who is involved in influencing public policy and decision making...
. He is the 33rd and current Lieutenant Governor of Nevada
Lieutenant Governor of Nevada
The Nevada Lieutenant Governor is an elected office in the U.S. state of Nevada. The Nevada Lieutenant Governor is based in Carson City, Nevada and elected for 4 year terms. The 33rd and current Lt. Governor for the 2007-2011 term is Brian Krolicki....
, elected in 2006. As the Lieutenant Governor, he presides over the Nevada State Senate, chairs the Commission on Tourism, and serves on the State Board of Transportation and the Reno Tahoe Winter Games Coalition. Previously he served two terms as the Nevada State Treasurer
Nevada State Treasurer
The Nevada State Treasurer is an elected office in the U.S. state of Nevada. The Nevada State Treasurer is based in Carson City, Nevada. The Treasurer is elected for 4 year terms and the current Treasurer for the 2007-2011 term is Kate Marshall....
. He is a member of the Republican Party
Republican Party (United States)
The Republican Party is one of the two major contemporary political parties in the United States, along with the Democratic Party. Founded by anti-slavery expansion activists in 1854, it is often called the GOP . The party's platform generally reflects American conservatism in the U.S...
. Krolicki is unable to run for a third term in 2014 due to term limits
Term limits in the United States
Term limits in the United States apply to many offices at both the federal and state level, and date back to the American Revolution.-Pre-constitution:...
.
Education
Krolicki is a graduate of Stanford UniversityStanford University
The Leland Stanford Junior University, commonly referred to as Stanford University or Stanford, is a private research university on an campus located near Palo Alto, California. It is situated in the northwestern Santa Clara Valley on the San Francisco Peninsula, approximately northwest of San...
, where he graduated in 1983 with a degree in Political Science
Political science
Political Science is a social science discipline concerned with the study of the state, government and politics. Aristotle defined it as the study of the state. It deals extensively with the theory and practice of politics, and the analysis of political systems and political behavior...
.
Professional life
Preceding his election as State TreasurerNevada State Treasurer
The Nevada State Treasurer is an elected office in the U.S. state of Nevada. The Nevada State Treasurer is based in Carson City, Nevada. The Treasurer is elected for 4 year terms and the current Treasurer for the 2007-2011 term is Kate Marshall....
, Krolicki worked for Bankers Trust
Bankers Trust
Bankers Trust was an historic American banking organization. The bank merged with Alex. Brown & Sons before being acquired by Deutsche Bank in 1998.-History:A consortium of banks created Bankers Trust to perform trust company services for their clients....
in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, and Smith Barney
Smith Barney
Morgan Stanley Smith Barney is a retail brokerage joint venture between Morgan Stanley and Citigroup.On January 13, 2009, Morgan Stanley and Citigroup announced that Citigroup would sell 51% of Smith Barney to Morgan Stanley, creating Morgan Stanley Smith Barney, which was formerly a division of...
in San Francisco and Manama
Manama
Manama is the capital and largest city of Bahrain, with an approximate population of 155,000 people.Long an important trading center in the Persian Gulf, Manama is home to a very diverse population...
, Bahrain
Bahrain
' , officially the Kingdom of Bahrain , is a small island state near the western shores of the Persian Gulf. It is ruled by the Al Khalifa royal family. The population in 2010 stood at 1,214,705, including 235,108 non-nationals. Formerly an emirate, Bahrain was declared a kingdom in 2002.Bahrain is...
.
State Treasurer
Krolicki was elected State Treasurer in 1998. During his tenure, Krolicki worked to make college education more affordable, and considered it "a cornerstone of his administration." He created the State Treasurer’s College Savings Plan and Nevada’s Prepaid College Tuition Program, and oversaw the set-up of the Gates ScholarshipGates Scholarship
The Gates Cambridge Scholarships were established by the Bill and Melinda Gates Foundation in 2000 with a $210 million endowment to enable outstanding graduate students from outside the United Kingdom to study at the University of Cambridge. The awardees are given funding for postgraduate study at...
in Nevada.
Along his work in higher-education accessibility, Krolicki obtained upgrades from credit-rating agencies for Nevada, saving taxpayers millions of dollars in interest payments. All rating agencies now consider Nevada just a notch below AAA, the highest and most coveted rating, and held by very few states. Krolicki was also the first State Treasurer in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
to receive the coveted Certificate of Excellence in Investment Policy from the Association of Public Treasurers of the United States and Canada. Krolicki also formulated and implemented many investment programs that obtained tens of millions of dollars in revenue for the state.
On the national level, in 2002, Brian was unanimously elected by his peers to serve as president of the National Association of State Treasurers
National Association of State Treasurers
The National Association of State Treasurers is a not-for-profit organization consisting of state treasurers or comparable senior finance officials from U.S. states, commonwealths, territories, and the District of Columbia. The association is headquartered in Lexington, Kentucky and affiliated with...
(NAST), which collectively represents over $1 trillion in assets. As president, he founded the NAST Committee on Corporate Governance and served as chairman of the NAST Foundation, which promotes financial literacy and education throughout the nation. He has worked hard to promote financial literacy in Nevada by introducing the Nevada Women’s Money Conference, a free event designed to provide the necessary tools and information to become financially educated. In May 2004, Brian was selected by his state treasurer colleagues to receive the Unruh Award, given to the nation’s most outstanding state treasurer. Most recently, in December 2004, Brian was again honored by his national peers in both the private and public sectors with the highly regarded Gritz Award for Excellence in Public Finance in recognition of his leadership and innovation in the area of public debt management.
Lieutenant governor
In 2006, Krolicki was elected Lieutenant Governor of Nevada. He is currently serving a four-year term as lieutenant governor. In August 2009, after considering running against U.S. Senate Majority Leader Harry ReidHarry Reid
Harry Mason Reid is the senior United States Senator from Nevada, serving since 1987. A member of the Democratic Party, he has been the Senate Majority Leader since January 2007, having previously served as Minority Leader and Minority and Majority Whip.Previously, Reid was a member of the U.S...
, Krolicki announced he was seeking re-election to his current post.
On December 3, 2008, Krolicki was indicted (and then exonerated) on four felony counts. The charges were related to Krolicki's management of a multibillion-dollar college savings program in his previous position as Nevada's state treasurer. Two of the counts were of misappropriation and falsification of accounts by a public officer, and two counts were of misappropriation by a treasurer. He faced up to four years in prison on each of the four counts for a maximum of sixteen years. Krolicki said that there is no basis for the charges and that it is a partisan effort by Democratic Attorney General Catherine Cortez Masto
Catherine Cortez Masto
Catherine Cortez Masto is an American politician. She is the current Attorney General of Nevada. She was elected to replace George Chanos. She is a member of the Democratic Party...
and U.S. Senate Majority Leader Harry Reid
Harry Reid
Harry Mason Reid is the senior United States Senator from Nevada, serving since 1987. A member of the Democratic Party, he has been the Senate Majority Leader since January 2007, having previously served as Minority Leader and Minority and Majority Whip.Previously, Reid was a member of the U.S...
.
A Las Vegas judge later dismissed the charges exonerating Krolicki and his Chief of Staff Kathy Besser.
Awards
On July 26, 2010, the lehendakariLehendakari
The President of the Basque Government , usually known in English as the Basque regional president, is the head of government of Basque Country. The president leads the executive branch of the regional government....
of the Basque Country
Basque Country (autonomous community)
The Basque Country is an autonomous community of northern Spain. It includes the Basque provinces of Álava, Biscay and Gipuzkoa, also called Historical Territories....
gave him the Lagun Onari (to the best friend) basque prize in the state visit of the lehendakari Patxi Lopez
Patxi López
Francisco Javier López Álvarez is a Spanish socialist politician and the current president of the Autonomous Community of the Basque Country...
to the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
.