Style The Honorable | Inaugural holder Richard Roman
1849 | |
 | ||
Term length Four years, two term limit Formation California Constitution Website State Treasurer's Office | ||
The California State Treasurer is responsible for the state's investment and finance. The post has more narrow responsibilities and authority than the California State Controller. Some of the responsibilities include issuing bonds and notes for the state, and trustee, 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.