California State Treasurer

State Treasurer of California
Seal of the State Treasurer of California
Incumbent John Chiang since January 5, 2015
Style	The Honorable
Term length	Four years, two term limit
Inaugural holder	Richard Roman 1849
Formation	California Constitution
Website	www.treasurer.ca.gov

The California State Treasurer is responsible for the state's investment and finance. The post has narrower responsibilities and authority than the California State Controller. Some of the responsibilities include issuing bonds and notes for the state, and trustee, as well as registrar and paying agent for all general obligation bonds and certain revenue bonds investment of temporarily idle state money. The administration of the state's budgets, financial analyses and planning, money allocation, and economic research is under the California Department of Finance.

The state treasurer assumes office by way of election. The term of office is a four-year term but is limited to two terms. Elections for the State Treasurer are held on a four-year concurrent basis with the election of the Governor. The current state treasurer is John Chiang.

Duties

• As the state's banker, manages the state’s investments.
• Administers the sale of state bonds and notes and is the investment officer for most state funds.
• Chairs or serves on several commissions, most of which relate to the marketing of bonds.
• Pays out state funds when spent by the Controller and other state agencies.

List of Treasurers

External links

• Official website