National Association of State Auditors, Comptrollers and Treasurers
Encyclopedia
The National Association of State Auditors, Comptrollers and Treasurers (NASACT) is an organization for U.S. state
U.S. state
A U.S. state is any one of the 50 federated states of the United States of America that share sovereignty with the federal government. Because of this shared sovereignty, an American is a citizen both of the federal entity and of his or her state of domicile. Four states use the official title of...

 officials dealing with the financial management
Managerial finance
Managerial finance is the branch of finance that concerns itself with the managerial significance of finance techniques. It is focused on assessment rather than technique....

 of state governments
State governments of the United States
State governments in the United States are those republics formed by citizens in the jurisdiction thereof as provided by the United States Constitution; with the original 13 States forming the first Articles of Confederation, and later the aforementioned Constitution. Within the U.S...

. Headquartered in Lexington, Kentucky
Lexington, Kentucky
Lexington is the second-largest city in Kentucky and the 63rd largest in the US. Known as the "Thoroughbred City" and the "Horse Capital of the World", it is located in the heart of Kentucky's Bluegrass region...

, NASACT was founded in 1915. It states that its mission is "to assist state leaders in enhancing and promoting effective and efficient management of government resources." NASACT has three affiliates that share office space in Lexington and at the Office of Federal Relations in Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....

, which handles lobbying
Lobbying
Lobbying is the act of attempting to influence decisions made by officials in the government, most often legislators or members of regulatory agencies. Lobbying is done by various people or groups, from private-sector individuals or corporations, fellow legislators or government officials, or...

 efforts in Congress
United States Congress
The United States Congress is the bicameral legislature of the federal government of the United States, consisting of the Senate and the House of Representatives. The Congress meets in the United States Capitol in Washington, D.C....

 and the federal agencies:
  • National State Auditors Association (NSAA) - organized 1979 for state auditor
    State auditor
    State auditors are executive officers of U.S. states who serve as auditors and comptrollers for state funds....

    s and senior staff. Holds annual conference each June and operates Peer Review Program, NSAA Information Technology Conference, and NSAA Middle Management Conference
  • National Association of State Comptrollers (NASC) - organized 1978
  • 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) - association of state treasurer
    State Treasurer
    In the state governments of the United States, 49 of the 50 states have the executive position of treasurer. Texas abolished the position of Texas State Treasurer in 1996....

    s or similar state finance officials in the United States
    United States
    The United States of America is a federal constitutional republic comprising fifty states and a federal district...

    ; membership open to the treasurers of the U.S. state
    U.S. state
    A U.S. state is any one of the 50 federated states of the United States of America that share sovereignty with the federal government. Because of this shared sovereignty, an American is a citizen both of the federal entity and of his or her state of domicile. Four states use the official title of...

    s, commonwealths
    Commonwealth (United States insular area)
    In the terminology of the United States insular areas, a Commonwealth is a type of organized but unincorporated dependent territory.The definition of "Commonwealth" according to current U.S. State Department policy reads: "The term 'Commonwealth' does not describe or provide for any specific...

    , organized territories, and District of Columbia. It "exists independently of NASACT" and is affiliated with the Council of State Governments
    Council of State Governments
    The Council of State Governments is a nonpartisan non-profit organization in the United States serving the state governments. It serves state legislatures, state courts, and executive branch officials and agencies, and is the only multi-branch organization of state governments in the United...

    .
    • The College Savings Plans Network (CSPN) and the State Debt Management Network (SDMN) were developed through NAST, and the National Association of Unclaimed Property Administrators (professionals dealing with unclaimed property
      Lost, mislaid, and abandoned property
      Lost, mislaid, and abandoned property are categories of the common law of property which deals with personal property which has left the possession of its rightful owner without having directly entered the possession of another person...

      affairs) is affiliated with the association. The association produces three publications (State Treasury Profiles), State Treasury Activities & Functions, and the Corporate Affiliate Handbook, and a newspaper, the NAST Review). It also holds conferences and other events.
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