The Latest

Tesla will build electric car in California using financial incentive policy approved by Treasurer-chaired agency

“These vehicles can play a big part in helping California successfully implement its groundbreaking laws to fight climate change,” said Treasurer Lockyer. "By offering this financial incentive, our goal is to ensure zero-emission vehicles realize their full potential in our state."

For more details:

• Treasurer Lockyer Announces Financial Incentive to Encourage Zero-Emission Vehicle Manufacturing in California
  June 30, 2008
• Tesla Motors to Open Bay Area Plant
  KGO TV; June 30, 2008

Moody's proposes to take a big step toward treating taxpayers fairly in rating bonds that finance essential public projects.

"This is a major advance toward fairness for taxpayers, better information for investors and greater stabilization for our capital markets," said Treasurer Lockyer. "I commend Moody’s for taking this step, and for its thoughtful, reasoned response to the concerns of municipal bond issuers. We look forward to providing comments on the proposal. We will work to ensure the system Moody’s adopts for taxpayer-backed bonds places primary emphasis on the risk of default."

For more details:

• Treasurer Lockyer Responds to Moody’s Plan to Use Same Rating Scale for Government and Corporate Bonds
  June 12, 2008

Investing in California

Californians face great challenges as we work together to make our state a great place to live and build the future we want to provide for the generations to come after us. By purchasing California bonds, you can invest in quality schools, safer communities, affordable housing and improved transportation systems. You can help build parks and libraries, and preserve our natural resources.

To learn more about California bonds and how to purchase them, visit Buy California Bonds.