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California State Treasurer
The state treasurer of California is a constitutional officer in the executive branch of the Government of California, government of the U.S. state of California. 34 individuals have held the office of state treasurer since statehood. The incumbent is Fiona Ma, a California Democratic Party, Democrat. The state treasurer's main office is located in the Jesse M. Unruh State Office Building in Sacramento, California, Sacramento. Election and term of office The state treasurer assumes office by way of election. The term of office is four years, renewable once. Elections for state treasurer are held on a four-year basis concurrently with elections for the offices of Governor of California, governor, Lieutenant Governor of California, lieutenant governor, Attorney General of California, attorney general, Secretary of State of California, secretary of state, California State Controller, state controller, California Insurance Commissioner, insurance commissioner, and California Superint ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Seal Of California
The Great Seal of the State of California was adopted at the California U.S. state, state Constitutional Convention (California), Constitutional Convention of 1849 and has undergone minor design changes since then, the last being the standardization of the seal in 1937. The seal shows Athena in Greek mythology (alternately Minerva in Roman mythology), the goddess of wisdom and war, because she was born an adult, and California was never a territory; a California grizzly bear, the official state animal, feeding on grape vines, representing California's wine production; a sheaf of grain, representing agriculture; a miner, representing the California Gold Rush and the mining industry; and sailing ships, representing the state's economic power. The word ''Eureka (word), Eureka'' ( in Greek language, Greek), meaning "I have found it", is the California state motto. The original design of the seal was by U.S. Army major Robert S. Garnett and engraved by Albert Kuner. However, because o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California Insurance Commissioner
The California insurance commissioner has been an elected executive office position in California since 1991. Prior to that time, the insurance commissioner was appointed by the governor. The officeholder is in charge of the California Department of Insurance The California Department of Insurance (CDI), established in 1868, is the agency charged with overseeing insurance regulations, enforcing statutes mandating consumer protections, educating consumers, and fostering the stability of insurance mark .... The current insurance commissioner is Democrat Ricardo Lara. Duties * Oversees and directs all functions of the Department of Insurance. * Licenses, regulates, and examines insurance companies. * Answers public questions and complaints regarding the insurance industry. * Enforces the laws of the California Insurance Code and adopts regulations to implement the laws. * The mission is to ensure vibrant markets where insurers keep their promises and the health and economi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democratic Party (United States)
The Democratic Party is a Centre-left politics, center-left political parties in the United States, political party in the United States. One of the Major party, major parties of the U.S., it was founded in 1828, making it the world's oldest active political party. Its main rival since the 1850s has been the Republican Party (United States), Republican Party, and the two have since dominated American politics. The Democratic Party was founded in 1828 from remnants of the Democratic-Republican Party. Senator Martin Van Buren played the central role in building the coalition of state organizations which formed the new party as a vehicle to help elect Andrew Jackson as president that year. It initially supported Jacksonian democracy, agrarianism, and Manifest destiny, geographical expansionism, while opposing Bank War, a national bank and high Tariff, tariffs. Democrats won six of the eight presidential elections from 1828 to 1856, losing twice to the Whig Party (United States) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Treasurer Of The United States
The treasurer of the United States is an officer in the United States Department of the Treasury who serves as the custodian and trustee of the federal government's collateral assets and the supervisor of the department's currency and coinage production functions. On March 23, 2025, Donald Trump named Georgia state senator Brandon Beach—breaking a 75-year streak of women holding the position—to be the next treasurer. He was formally appointed on the 28th of May. Responsibilities By law, the treasurer is the depositary officer of the United States with regard to deposits of gold, special drawing rights, and financial gifts to the Library of Congress. The treasurer also directly oversees the Bureau of Engraving and Printing (BEP) and the United States Mint, which respectively print and mint United States dollar, U.S. currency and Coins of the United States dollar, coinage. In connection to the influence of Monetary policy of the United States, federal monetary policy on currenc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hiram Johnson
Hiram Warren Johnson (September 2, 1866August 6, 1945) was an American attorney and politician who served as the 23rd governor of California from 1911 to 1917 and represented California in the U.S. Senate for five terms from 1917 to 1945. Johnson achieved national prominence in the early 20th century as a leading Progressivism in the United States, progressive and ran for vice president on Theodore Roosevelt's Bull Moose Party, Progressive ticket in the 1912 United States presidential election, 1912 presidential election. As a U.S. senator, Johnson voted for American entry into World War I and was later a critic of the foreign policy of both Woodrow Wilson and Franklin D. Roosevelt. Johnson was born in 1866 and worked as a stenographer and reporter before embarking on a legal career in his hometown of Sacramento, California, Sacramento. After he moved to San Francisco, he worked as an assistant district attorney and gained statewide renown for his prosecutions of public corrupti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California Housing Finance Agency
The California Housing Finance Agency (CalHFA), established in 1975, is an independent California state agency within the California Department of Housing and Community Development that makes low-rate housing loans through the sale of taxable and tax exempt bonds. History CalHFA was created by the Zenovich– Moscone–Chacon Housing and Home Finance Act of 1975, which also permanently established and reorganized the California Department of Housing and Community Development.California Statutesbr>1975 1st Ex. Sess. (Vol. 2), Ch. 1, pg. 3855 CalHFA was known as CHFA until 2002 when it was rebranded. CalHFA provides housing assistance in two main areas: below-market interest rate mortgages and down payment assistance for low and moderate income, first-time homebuyers, many of whom are ethnic minorities not well-served by market rate products and loans for the development and preservation of affordable multifamily rental housing. Though CalHFA is a state agency, it is self-su ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California State Teachers' Retirement System
The California State Teachers' Retirement System (CalSTRS) provides retirement, disability, and survivor benefits for California's 965,000 prekindergarten through community college educators and their families. CalSTRS was established by law in 1913, and is part of the State of California's Government Operations Agency. As of September 2020, CalSTRS was the largest teachers' retirement fund in the United States. CalSTRS was also the 11th-largest public pension fund in the world. As of October 31, 2020, CalSTRS managed a portfolio worth $254.7 billion. Membership CalSTRS members, as of June 30, 2019, included employees of approximately 1,778 employers: * School districts * Community college districts * County offices of education * Regional occupational programs Teachers' Retirement Fund The Teachers' Retirement Fund is a special trust fund established by law that holds the assets of the following programs: * Defined Benefit * Defined Benefit Supplement * Cash Balance Benefi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
California Public Employees' Retirement System
The California Public Employees' Retirement System (CalPERS) is an agency in the California executive branch that "manages pension and health benefits for more than 1.5 million California public employees, retirees, and their families".CalPERSFacts at a glance: general. January 2009. Retrieved December 24, 2008. In fiscal year 2020–21, CalPERS paid over $27.4 billion in retirement benefits,CalPERSFacts at a Glance - Public Employees' Retirement Fund (PERF), 2020-21CalPERS. 2021. Retrieved October 09, 2021. and over $9.74 billion in health benefits.CalPERSFacts at a Glance - Health Benefits, 2019-20CalPERS. 2021. Retrieved October 09, 2021. CalPERS manages the largest public pension fund in the United States, with more than $469 billion in assets under management as of June 30, 2021. CalPERS is known for its shareholder activism; stocks placed on its "Focus List" may perform better than other stocks, which has given rise to the term "CalPERS effect".Sidel, Robin. "C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment Management
Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institutions, such as insurance companies, pension funds, corporations, charities, educational establishments, or private investors, either directly via investment contract, contracts/mandates or via collective investment schemes like mutual funds, exchange-traded funds, or REIT, Real estate investment trusts. The term ''investment management'' is often used to refer to the management of investment funds, most often specializing in private equity, private and public equity, real assets, alternative assets, and/or bonds. The more generic term ''asset management'' may refer to management of assets not necessarily primarily held for investment purpos ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Voucher
A voucher is a bond of the redeemable transaction type which is worth a certain money, monetary value and which may be spent only for specific reasons or on specific goods. Examples include house, housing, travel, and food vouchers. The term voucher is also a synonym for receipt and is often used to refer to receipts used as evidence (law), evidence of, for example, the declaration that a service has been performed or that an expenditure has been made. Voucher is a tourist guide for using services with a guarantee of payment by the agency. The term is also commonly used for school vouchers, which are somewhat different. In tourism Vouchers are used in the tourism sector primarily as proof of a named customer's right to take a service at a specific time and place. Service providers collect them to return to the tour operator or travel agent that has sent that customer, to prove they have given the service. So, the life of a voucher is as below: # Customer receives vouchers from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Liquidity
In business, economics or investment, market liquidity is a market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. Liquidity involves the trade-off between the price at which an asset can be sold, and how quickly it can be sold. In a liquid market, the trade-off is mild: one can sell quickly without having to accept a significantly lower price. In a relatively illiquid market, an asset must be discounted in order to sell quickly. A liquid asset is an asset which can be converted into cash within a relatively short period of time, or cash itself, which can be considered the most liquid asset because it can be exchanged for goods and services instantly at face value. Overview A liquid asset has some or all of the following features: it can be sold rapidly, with minimal loss of value, anytime within market hours. The essential characteristic of a liquid market is that there are always ready and wil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fund Accounting
Fund accounting is an accounting system for recording resources whose use has been limited by the donor, grant authority, governing agency, or other individuals or organisations or by law.Leon E. Hay (1980). ''Accounting for Governmental and Nonprofit Entities, Sixth edition'', page 5. Richard D. Irwin, Inc., Homewood, IL. It emphasizes accountability rather than profitability, and is used by nonprofit organizations and by governments. In this method, a ''fund'' consists of a self-balancing set of accounts and each are reported as either unrestricted, temporarily restricted or permanently restricted based on the provider-imposed restrictions. The label ''fund accounting'' has also been applied to investment accounting, portfolio accounting or securities accounting – all synonyms describing the process of accounting for a portfolio of investments such as securities, commodities and/or real estate held in an investment fund such as a mutual fund or hedge fund. Investment acco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
