(1) There is hereby created a department of the treasury, the head of which shall be the state treasurer. (2) (a) The department of the treasury, created in article 36 of this title 24, is a type 2 entity, as defined in section 24-1-105, and exercises its powers and performs its duties and functions as specified by law and subject to the state constitution. (b) The office of the state treasurer is a type 2 entity, as defined in section 24-1-105, and exercises its powers and performs its duties and functions as vested by law or the state constitution in the office of the state treasurer, subject to the state constitution.
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