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The state treasurer's main office is still based in the building. It is located at 915 Capitol Mall and is managed by the California Department of General Services. [2] The phrase displayed on the south facade, "Bring Me Men To Match My Mountains," is a famous line from the poem The Coming American by Sam Walter Foss. [3]
A triple net lease (triple-Net or NNN) is a lease agreement on a property where the tenant or lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.).
Net lease types include single net, double net, and triple net leases, depending on the number of items they include. The term "net lease" is often used as a shorthand expression for any of these arrangements. The three most common expenses charged back are property taxes, insurance, and maintenance, often called the "three nets". [1] A triple ...
In United States real estate, a bond lease, also called an absolute triple net lease, true triple net lease or even a hell-or-high-water lease is the most extreme form of the NNN lease, in which the tenant is responsible for every fathomable real estate risk related to the property and is responsible for every single property related expense, even in instances of a material casualty/condemnation.
In addition, the state treasurer supervises and reports on municipal debt. [11] Invests state funds. Assets under the state treasurer's management include state and local government investment pools along with California's ABLE, college savings, and retirement savings trust funds. However, the state treasurer does not direct the investment of ...
Enormously complex by its very nature, there are currently 152 departments and approximately 14,000 end users using the system, processing $421 billion in expenditures in the fiscal year 2021-2022. The State Treasurer’s Office system functionality handled in excess of $3.1 trillion in state government banking transactions in fiscal year 2021 ...
California could offer rebates for electric vehicle purchases if the incoming Trump administration eliminates a federal tax credit for people who buy electric cars, Gov. Gavin Newsom said Monday.
A credit tenant lease (also known as a "bondable lease") is a method of financing real estate. [1] [2] A "credit tenant lease" is a lease from a landlord to a tenant that carries sufficient guarantees that lenders will perceive the rent cash flows from the lease are as reliable as a corporate bond. This typically requires that the tenant have ...