Jimmy Patronis sworn-in as state Chief Financial Officer

Jimmy Patronis takes the oath of office as Florida's Chief Financial Officer on June 30,2017, in Tallahassee.

PANAMA CITY BEACH, Fla. (WJHG/WECP) - Jimmy Patronis is officially the new Chief Financial Officer for the state of Florida. He took the oath of office Friday morning in Tallahassee. He called it the "honor of a lifetime" in a tweet sent out shortly after the swearing-in ceremony.

Patronis is succeeding Jeff Atwater, who previously announced his resignation to take a position with Florida Atlantic University in Boca Raton.

Patronis becomes just the fourth CFO in state history. The CFO position was created in the late 1990s through a consolidation of the Comptroller, Treasurer, Insurance Commissioner and Fire Marshal offices.

The CFO is a member of the governor's cabinet. The CFO oversees the state's finances, collecting money, paying bills, conducting audits and also regulates cemeteries and funerals and handles fires and arsons. The CFO also oversees over the offices which handles banking and insurance regulation.

Patronis, whose family owns Captain Anderson's Restaurant in Panama City Beach, was a member of the Public Service Commission, which regulates utilities throughout the state. But he resigned Sunday to take the CFO spot.

Patronis is also a member of the Constitution Revision Commission, which meets once every 20 years to review the state constitution and consider revisions.

Patronis served in the Florida House of Representatives from 2006-2014, running unopposed in his last two terms.

He's a graduate of what's now Gulf Coast State College and Florida State University. He holds a Bachelor's Degree in Political Science.