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Issues and manages public debt. To this end, the treasurer is trustee, registrar, and paying agent for all general obligation and revenue bonds contracted by the state of California. [10] In addition, the state treasurer supervises and reports on municipal debt. [11] Invests state funds. Assets under the state treasurer's management include ...
1 List of general obligation bond rankings. 2 Historic S&P Global ... Credit ratings for state debt from S&P Global as of May 2021: ... California: AA- Aa2 [2] AA ...
The California Society of Municipal Finance Officers (or CSMFO) is a professional association of state, county, and local government finance officers in California.The California Society of Municipal Finance Officers is the statewide organization serving all California municipal finance professionals, an affiliate of the nationwide Government Finance Officers Association (GFOA).
The U.S. Court of Appeals for the District of Columbia Circuit blocked an attempt by Ohio, Alabama, Texas and other Republican-led states to revoke California's authority to set standards that are ...
The speaker of the California State Assembly presides over the State Assembly. The lieutenant governor is the ex officio president of the Senate and may break a tied vote, and the president pro tempore of the California State Senate is elected by the majority party caucus. The Legislature meets in the California State Capitol in Sacramento.
Certain scholars and politicians have advocated for a reform of the law to allow states to seek bankruptcy. [6] [3] [4] They argue that the law will require voluntary consent by the state and will not give the federal government or creditors the power to force a bankruptcy; therefore it would not interfere with state sovereignty or be unconstitutional.
California’s Employment Development Department, which oversees the state’s unemployment insurance program, has said that it would rely on increased federal taxes on employers to pay down the debt.
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