Fiona Ma

featured graphic for California State Treasurer Fiona Ma after COVID-19

State Treasurer Fiona Ma extended her thanks and appreciation to Governor Gavin Newsom for signing Assembly Bill 340 (Ward) (AB 340) into law. This important piece of legislation sponsored by Treasurer Ma will modernize how funds in a 529 college savings account can be utilized to help families pay for …continue reading

featured graphic for California State Treasurer Fiona Ma

State Treasurer Fiona Ma called Assembly Bill 132, signed by Governor Gavin Newsom, a “visionary plan and game-changer.” The bill implements the 2021-22 State Budget plan, which allocates $1.9 billion to fund college savings accounts of $500 each for 3.7 million low-income California public school students from first to 12th …continue reading

featured graphic for California State Treasurer Fiona Ma during COVID-19

State Treasurer Fiona Ma announced the landmark program between the California Pollution Control Financing Authority (CPCFA) and the California Air Resources Board (CARB) has now been extended two additional years. The financing partnership extension for the Heavy-Duty Vehicle Air Quality Loan Program was approved by the CPCFA Board, chaired by …continue reading

featured graphic for CalSTRS, California State Teachers Retirement System, during COVID-19

The Teachers’ Retirement Board (Board) announced the appointment of Cassandra Lichnock as the new chief executive officer of the California State Teachers’ Retirement System (CalSTRS). CalSTRS is the world’s largest educator-only pension fund, with a 75% female membership. Lichnock will serve as the fund’s first female CEO, an important milestone …continue reading

featured graphic for California State Treasurer Fiona Ma during COVID-19

California State Treasurer Fiona Ma released the following statement on Governor Gavin Newsom’s proposed May budget revision: Five stars for Governor Newsom’s budget! His proposals are far-sighted, far-reaching and take full advantage of a once-in-a-generation opportunity. These unprecedented investments will house tens of thousands of homeless people, build housing for …continue reading

featured graphic for California State Treasurer Fiona Ma during COVID-19

California State Treasurer Fiona Ma announced the sale of $533.8 million in California Department of Water Resources (DWR) Water System Revenue Bonds to finance certain State Water Project capital improvements and refund previously issued debt. The refunding bonds are expected to save $20.3 million in debt service costs over the …continue reading

featured graphic for California State Treasurer Fiona Ma during COVID-19

California State Treasurer Fiona Ma announced that over $15 million in grants have been awarded to nine California counties under the Investment in Mental Health Wellness Grant Program for Children and Youth (CY Grant Program). This competitive grant program funds facility acquisition, construction and renovation costs, furnishings and equipment acquisition, …continue reading

featured graphic for California State Treasurer Fiona Ma during COVID-19

California State Treasurer Fiona Ma today announced the completion of the sale of $1.8 billion various purpose general obligation bonds (G.O. Bonds) to finance costs related to a variety of state programs and to refinance prior borrowings for interest cost savings. “Investors continue to seek out California’s general obligation bonds …continue reading