Boards, Authorities and Commissions
The Treasurer's Office plays a central administrative role to numerous State Boards, Authorities and Commissions. The Treasurer serves as chair or member of these various agencies that organizationally report to the State Treasurer's Office. Many of these agencies are authorized to issue debt for specific purposes as permitted by law. These agencies also may advise California municipalities on debt issuance and oversee the State's various investment operations.
- California Achieving a Better Life Experience Act Board (CalABLE)
Allows qualified individuals with disabilities and their families to open tax-free savings accounts without the worry of losing vital government assistance. Contributions to an ABLE account, currently limited to $19,000 per year, can be made by family, friends, or the beneficiary themselves. Account earnings are allowed to accumulate tax-free, and the withdrawals, provided they are applied to qualifying disability expenses, are tax-free.
Thomas Martin, Executive Director, (916) 653-1728 - California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA)
Provides financing for energy resources that use alternative methods of generation which minimize environmental degradation and promote resource conservation. CAEATFA also finances transportation technologies that conserve energy, reduce air pollution, and promote economic development and jobs.
Shela Tobias-Daniel, Interim Executive Director, (916) 651-8157 - California Debt and Investment Advisory Commission (CDIAC)
Provides policy guidance and oversight with respect to public debt and investment activities. It serves as the State's clearinghouse for information on public debt issuance and local investment practices. CDIAC also undertakes educational efforts throughout the State on matters such as public finance, economic development and community revitalization.
Robert Berry, Executive Director (916) 653-3269 - California Debt Limit Allocation Committee (CDLAC)
Sets and allocates California’s annual debt ceiling and administers the state’s tax-exempt bond program to allocate the debt authority. CDLAC finances affordable housing developments for low-income Californians, industrial development projects, and environmental clean-up efforts.
Marina Wiant, Interim Executive Director, (916) 653-3255 - California Educational Facilities Authority (CEFA)
Issues revenue bonds to assist accredited post-secondary private institutions in the expansion and construction of educational facilities through lower-cost financing. The authority also administers the College Access Tax Credit Fund, providing a tax credit to taxpayers and businesses who would like to make a contribution to support California Community College transfer students attending partnered Historically Black Colleges and Universities..
Carolyn Aboubechara, Interim Executive Director, (916) 653-2872 - California Health Facilities Financing Authority (CHFFA)
Provides financial assistance to public and non-profit health care providers through loans funded by the issuance of tax-exempt revenue bonds. CHFFA financing may be used for the construction and renovation of new or existing health care facilities, the purchase of equipment, or the refinancing or refunding of prior debt. CHFFA also operates a direct-loan program called HELP II, which provides low-cost loans to community-based and rural health clinics, and administers a number of grant programs for small and rural health facilities, children’s hospitals, mental health programs, and for jail diversion.
Carolyn Aboubechara, Executive Director, (916) 653-2799 - California Hope, Opportunity, Perseverance, and Empowerment (HOPE) for Children Trust Account Program)
Will provide a trust account to eligible children who were bereaved by COVID-19 during the public health emergency, as well as children who have been in the foster system for over 18 months. - California Pollution Control Financing Authority (CPCFA)
Facilitates low cost financing to qualified waste and recycling projects. CPCFA also administers the California Capital Access Program (CalCAP), which encourages financial institutions to make loans to small businesses and provides for specialty programs targeted toward building an improved infrastructure for zero- and partial-emission vehicles
Shela Tobias-Daniel, Executive Director, (916) 654-5610 - California School Finance Authority (CSFA)
Oversee the statewide system for the sale of revenue bonds to reconstruct, remodel or replace existing school buildings, acquire new school sites and buildings to be made available to public school districts (K-12) and community colleges, and to assist school districts by providing access to financing for working capital and capital improvements.
Katrina Johantgen, Executive Director (916) 651-7710 - CalSavers Retirement Savings Board (CalSavers)
CalSavers promotes greater retirement savings for California’s private-sector workers who currently lack access to employer-sponsored retirement plans by providing access to a voluntary, low-risk, low-cost, portable retirement savings program.
Katie Selenski, Executive Director (916) 653-1744 - California Tax Credit Allocation Committee (CTCAC)
Administers the federal and state Low-Income Housing Tax Credit Programs, encouraging private investment in affordable rental housing for households meeting certain income requirements.
Marina Wiant, Executive Director (916) 654-6340 - The Local Investment Advisory Board (LIAB)
Provides oversight to the Local Agency Investment Fund (LAIF), which accords local agencies the opportunity to participate in the Pooled Money Investment Account.
Lili Osorio, LAIF Administrator (916) 653-3147 - Pooled Money Investment Board (PMIB)
The Pooled Money Investment Account invests monies on behalf of State government and local jurisdictions.
Tracey Paine, Administrator (916) 653-3147 - ScholarShare Investment Board (SIB)
Sets investment policies and oversees all activities for ScholarShare 529, California's tax-advantaged college savings plan, which enables Californians to invest and save for future higher education expenses with federal and state tax-free benefits.
Cassandra DiBenedetto, Executive Director, (916) 651-6380