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
California State Treasurer Fiona Ma announced the approval today of the sale of up to $68 million in revenue bonds for Chapman University. The sale was approved by the California Educational Facilities Authority (CEFA), chaired by Treasurer Ma. Proceeds of the bonds will be used by Chapman to refund its …continue reading
To better meet the goals of California in pursuit of a net-zero carbon future, Treasurer Fiona Ma continues to streamline operations at the State Treasurer’s Office and create operational efficiencies for two financing authorities she chairs, the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) and the California Pollution …continue reading
California State Treasurer Fiona Ma announced her appointment of Nancee Robles as Executive Director of the California Tax Credit Allocation Committee (CTCAC) and Interim Executive Director of the California Debt Limit Allocation Committee (CDLAC). “I have worked closely with Ms. Robles and am confident that she is the right person …continue reading
California State Treasurer Fiona Ma announced data indicating an impressive leap in California’s affordable housing production and preservation efforts in 2020. According to the California Debt Limit Allocation Committee (CDLAC) and California Tax Credit Allocation Committee (CTCAC), the two committees Treasurer Ma chairs issued tax-exempt bonds and allocated state and …continue reading
ScholarShare 529, California’s official college savings plan, today announced it posted record growth in 2020, as many California families deepened their commitment to saving for higher education despite COVID-19 challenges. Compared to 2019, total contributions to ScholarShare 529 accounts increased 15 percent and the number of new account openings increased …continue reading
Treasurer Fiona Ma commended the call by the Vatican’s Council for Inclusive Capitalism to create new standards for reporting on the three pillars of corporate sustainability: Environmental, Social and Governance (ESG). “We need more and better information and we need it now. During the pandemic income and wealth disparities have …continue reading
California State Treasurer Fiona Ma praised Governor Gavin Newsom for once again earmarking $500 million in state low-income housing tax credits to the California Tax Credit Allocation Committee (CTAC), which she chairs, and for doubling a program that offers critical tax incentives to California manufacturers. “Two thumbs up to Governor …continue reading
A new beginning is rising out of the ashes of the 2017 Tubbs Fire, which killed 22 people and destroyed more than 5,600 structures, many of them in Santa Rosa. California State Treasurer Fiona Ma announced today that a 532-unit apartment project at the site of the former Journey’s End …continue reading
California State Treasurer Fiona Ma accepted the “Deal of the Year” award this week from the Bond Buyer newspaper, the independent publication that serves the nation’s municipal bond industry. The Deal of the Year recognizes innovation in municipal finance and represents the full diversity of the communities and public purposes …continue reading
Eight people have been chosen for the State’s new Ambassador program representing CalABLE, a savings program that gives eligible Californians and out-of-state residents the ability to save for disability-related expenses by putting money in tax-advantaged investments, while protecting their eligibility for means-tested public benefits programs. State Treasurer Fiona Ma, who …continue reading
California State Treasurer Fiona Ma today announced the award of $21.5 million in grant funding under the Children’s Hospital Program of 2018 (Program), administered by the California Health Facilities Financing Authority (CHFFA), which is chaired by Treasurer Ma. “California’s children deserve access to the best healthcare, regardless of family income,” …continue reading
California State Treasurer Fiona Ma, chair of the California Health Facilities Financing Authority (CHFFA), announced the extension of the COVID-19 Emergency HELP Loan Program. “I am grateful that the board approved the extension of this program that will allow more health facilities affected by the COVID-19 pandemic receive much needed …continue reading