Resources

State Agencies

Department of Finance:  The Department of Finance (DOF) establishes fiscal policies to carry out the State's programs; prepares, explains, and administers the State's annual budget; analyzes legislation that impacts the State fiscally; trains and supports departmental accounting; monitors and audits expenditures by State departments to ensure compliance with the law, standards, and policies; develops economic forecasts and revenue estimates; develops population and enrollment estimates and projections; conducts fiscal analyses of proposed statewide information technology policies and enterprise initiatives; and performs oversight of critical IT projects.

State Controller's Office:  The State Controller's Office (SCO) is responsible for the accountability and disbursement of the State's financial resources; safeguarding of various property until claimed by the rightful owners (Unclaimed Property); independently audits government agencies that spend State funds; administers the payroll system for State and California State University employees.

State Treasurer’s Office: The State Treasurer, a constitutionally established office, provides banking services for State government with goals to minimize interest and service costs and to maximize yield on investments. The Treasurer is responsible for the custody of all monies and securities belonging to or held in trust by the State; investment of temporarily idle state monies; administration of the sale of state bonds, their redemption and interest payments; and payment of warrants or checks drawn by the State Controller and other state agencies.

Legislative Analyst's Office:  The Legislative Analyst's Office (LAO) provides fiscal and policy advice to the State's Legislature.  

California Legislative Information:  Commonly referred to as Leginfo, this website provides information on the State’s assembly and senate bills, California codes, and the California Constitution.

California Public Employees' Retirement System:  The California Public Employee Retirement System (CalPERS) manages retirement benefits for member California State and local public servants.

California State Teacher's Retirement System:  The California State Teacher's Retirement System (CalSTRS) provides retirement benefits to California's public school educators from prekindergarten through community college.

California Employment Development Department:  The California Employment Development Department (EDD) administers unemployment and disability insurance, payroll tax collection, and job training/workforce services.

Board of Equalization:  The Board of Equalization (BOE) administers the review, equalizing, or adjusting of property tax assessments; assesses taxes on insurers; and assesses/collects excise taxes on alcoholic beverages.

California Department of Tax and Fee Administration:  The California Department of Tax and Fee Administration (CDTFA) administers sales and use taxes in addition to various tax and fee programs.

Franchise Tax Board:  The Franchise Tax Board (FTB) provides collection and administration of the State's personal income tax.

Educational Resources

• Municipal Securities Ruling Making Board’s Glossary of Municipal Securities Term
• Municipal Securities Rulemaking Board: Education Center
• Investment Products - Bonds (Financial Industry Regulatory Authority)
• EMMA – Electronic Municipal Market Access EMMA is the official repository for information on virtually all municipal bonds, providing free access to official disclosures, trade data and other information about the municipal securities market.
• Ways to Buy Bonds (Municipal Securities Rule Making Board)

Municipal Market Regulators

• Municipal Securities Rulemaking Board
• Securities and Exchange Commission (SEC)
• Financial Industry Regulatory Authority (FINRA)

Bond/Coupon Payments (Bearer Bonds and Registered Bonds)

California State* bearer bonds and registered bonds can be presented for payment through the State Treasurer’s Office or The Bank of New York Mellon Trust Company, N.A. (BNY).  BNY provides fiscal agent services associated with certain State of California general obligation bonds and revenue bonds.  See instructions below on how to present bearer and registered bonds and/or interest coupons.

State of California Bearer Bonds and Registered Bonds

Before 1982, bonds were issued as bearer bonds or registered bonds.

Bonds and coupons are payable on or after their respective due dates.  Sometimes bonds are called for redemption and are due on a date prior to their maturity date (a call date).  After a bond has been called, it no longer accrues interest from and after its call date. A bond can be presented for payment after the call date and any coupon for that bond dated after the call date is no longer valid.  To check if your bond has been called, contact the State Treasurer’s Office via phone at 1(800)900-3873 or email at CalBONDS@treasurer.ca.gov.

Bonds/Coupons with Payment Date before January 1, 2007:

Bonds and coupons with payment dates before January 1, 2007, are serviced by the State Treasurer’s Office.  For instructions on how to obtain payment for a bond and/or coupon, contact the State Treasurer’s Office via phone at 1(800)900-3873 or email at CalBONDS@treasurer.ca.gov. The State Treasurer’s Office will provide instructions on how to mail in bonds and/or coupons for presentation or schedule an appointment to present bonds and/or coupons.

Bondholders presenting bonds and coupons for payment to the State Treasurer’s Office must include:

• IRS Form W-9 for the Payee;
• A signed letter of instruction**; and
• Original bonds and/or coupons***

If submitting by mail it is suggested bondholders acquire mailing insurance and send the requisite documents to the following address. The State Treasurer’s Office is not responsible for bonds and/or coupons lost in the mail.

California State Treasurer’s Office
Public Finance Division   
Bondholder Redemption Payment Request
P.O. Box 942809
Sacramento, CA 94209-0001

Bondholders presenting bonds and/or coupons for payment by appointment must bring the original bonds and/or coupons to the appointment. An IRS Form W-9 will be provided for completion during the appointment.

Bonds/Coupons with Payment Date on or after January 1, 2007:

Bonds and coupons with payment dates on or after January 1, 2007, are serviced by BNY. To obtain payment for a bond and/or coupon, contact the BNY Bondholder Relations Department via telephone at 1-800-254-2826 or via email to corporate.bond.research@bnymellon.com for instructions on how to mail in bonds and/or coupons. BNY provides mail-in service only and information should be sent to the following address. It is suggested bondholders acquire mailing insurance. BNY is not responsible for bonds and/or coupons lost in the mail.

The Bank of New York Mellon Trust Company, N.A.
Corporate Trust Operations 
PO Box 2320
Dallas, TX 75221

Bondholders presenting bonds and coupons for payment to BNY must include:

• IRS Form W-9 for the Payee;
• A signed letter of instruction**; and
• Original bonds and coupons***

* Cities, counties, and other municipal issuers across California also sell bonds. Often the bonds for such issuers will state the entity is located in “The State of California.”  This does not mean the bond is payable from funds of the State of California or by the State Treasurer’s Office. To determine whether you have a bond payable from funds of the State of California, email a copy of your bond to CalBONDS@treasurer.ca.gov, and please be sure to include all pertinent contact information:  Name, address, phone number, and email address.

• Please allow at least one business day for a response.

**The signed letter of instruction should include:

• The bondholder’s stated intent to present the bond for payment
• The bondholder’s contact information including name, address, phone number, and e-mail address

***Only original bonds and coupons are accepted for presentation.  If a bond is lost or stolen, contact the State Treasurer’s Office via phone at 1(800)900-3873 or email at CalBONDS@treasurer.ca.gov for bonds with a payment date prior to January 1, 2007, or contact BNY via email at corporate.bond.research@bnymellon.com for bonds with a payment date on or after January 1, 2007.

The California State Treasurer’s Office will be closed on certain State holidays. 

Currently State holidays observed by the State Treasurer’s Office are January 1 (New Year’s Day); the third Monday in January (Martin Luther King Jr.’s Birthday); the third Monday in February (President’s Birthday); April 1 (Cesar Chavez’ Birthday Observed); the last Monday in May (Memorial Day); July 4 (Independence Day); the first Monday in September (Labor Day); November 11 (Veteran’s Day); Thanksgiving Day and the day after Thanksgiving; and December 25 (Christmas Day ).  If January 1, March 31, July 4, November 11, or December 25 falls on a Sunday, the following Monday shall be deemed the holiday in lieu of the day observed.  If November 11 falls on a Saturday, the preceding Friday shall be deemed to be the holiday in lieu of the day observed.  Certain State holidays may fall on days that are not banking holidays, and as noted, can vary from year to year.  The list of State holidays observed by the State Treasurer’s Office may, from time to time, be changed in accordance with the laws of the State.

Documents under which the State Treasurer acts as trustee or paying agent exclude the State holidays observed by the State Treasurer from the definition of “Business Day.”  Generally, if any payment is due on a day other than a business day, such payment will be made on the next succeeding business day, and no interest will accrue as a result.

 “Business day” is typically defined in the respective authorizing documents to mean any day other than a Saturday, a Sunday, a State holiday and any other day specifically designated in such document to not be a business day, e.g. any day when the principal office of a trustee or paying agent is authorized to be closed or on which the New York Stock Exchange is closed.  

Please contact Investor Relations for more information at 1(800)900-3873 or InvestorRelations@treasurer.ca.gov.

The State holidays for 2024 are listed below.