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September 2019

Letter from Treasurer Ma

The State Treasurer’s Office (STO) and the California Debt & Investment Advisory Commission (CDIAC), whose board I chair, have sponsored the Bond Buyer’s Annual California Public Finance Conference for 19 years. It is just one way that we fulfill CDIAC’s statutory purpose of furthering the education of the public and financial officers on public financing.

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Heart of The Treasury

Meet Anne Osbourne, September’s Employee of the Month. She has worked for the California School Financing Authority (CSFA) for more than five years and her contributions to her team are invaluable.

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Upcoming BCA Events

See upcoming BCA events.

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ABCs of the BCAs - CDIAC

As every family knows, debt is the way most of us finance the big purchases in life, including homes, cars, and a college education. Similarly, California’s state and local governments often use debt to finance needed facilities.

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Ask the Treasurer

I serve as a city council member, but I have limited experience with public finance and would like to learn more about the administration of bonds. Does your office offer any training on debt administration?

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Top Billing: September 2019

A monthly update on key legislation for Treasurer Ma.

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The DMV Speakers Bureau Offers REAL ID Presentations

The DMV Speakers Bureau offers in-person presentations on how to obtain a REAL ID driver license and identification card to groups of 40 or larger.

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Welcome Judith Blackwell

Judith Blackwell has been named Executive Director of the California Tax Credit Allocation Committee (CTCAC). Ms. Blackwell previously served as the Chief Financial Officer (CFO) of the Port of Oakland, the CFO of the City of Atlanta, and as Purchaser and Director of Contract Administration for the City and County of San Francisco.

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Welcome Larry Flood

Treasurer Fiona Ma announced in August the hiring of Larry Flood as the new Executive Director of the California Debt Limit Allocation Committee (CDLAC). Mr. Flood was the California Housing Finance Agency (CalHFA) Director of Finance. He previously served as senior policy advisor for financial markets in the U.S. Department of the Treasury for four years. There he oversaw the U.S. Treasury’s risk-sharing program as it closed more than $800 million in loans with 14 different state housing finance agencies. He also managed all internal reporting for the Treasury’s $5.3 billion HFA bond portfolio.

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The Vault: September 2019

Calendar of upcoming public finance activities and bond sales.

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The Ma Squad

Photos of Treasurer Fiona Ma on the Road.

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This newsletter is not intended to be and should not be used for making investment decisions about State of California bonds or notes. Potential investors should always obtain and read the Official Statement published by the State for each issue of bonds or notes.