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.