Fiona Ma officially assumes her post of California’s treasurer in January, but she has already made it clear that she won’t act as a rubber stamp for an office that sold more than $10 billion of bonds this year.

After Ma, a Democrat elected in November, learned that the office was planning to sell veterans’ housing bonds next month, she demanded information on the program to be funded before allowing it to proceed, according to Ma and Tim Schaefer, deputy treasurer.

“I believe in checks and balances, accountability and also being proactive,” Ma said in an interview at Bloomberg’s San Francisco office.

Housing Crisis Relief Plans five listening tours around the state in January to get ideas to boost housing development and get feedback on how the treasurer’s office has been doing to promote it Existing state agencies could be more aggressive in reaching out to developers, she said.

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Originally Published on December 29, 2018 at 12:36PM
Article published originally via “opportunity zones” – Google News https://www.bloomberg.com/news/articles/2018-12-27/california-s-new-treasurer-eyes-overhaul-for-major-bond-issuer