The 2025-26 Budget: Department of Financial Protection and Innovation

Apr 3, 2025 - Regulates the offer and sale of certain financial securities and franchises, and licenses and examines broker-dealers and investment advisors. (Financial securities are tradable financial assets, such as stocks and bonds.)
https://lao.ca.gov/Publications/Report/5025

The 2017-18 Budget: State Treasurer’s Office

Feb 3, 2017 - The office provides various banking services for state and local governments. For example, STO invests state funds, administers the sale of state bonds, and processes various payments. The State Treasurer also serves as chairperson of various state boards, commissions, and authorities.
https://lao.ca.gov/Publications/Report/3545

The 2020-21 Spending Plan: State Infrastructure and Economic Development Bank

Oct 5, 2020 - Subscribe | California State Legislature | Online Voter Registration | Privacy Policy | Accessibility Legislative Analyst's Office | The California Legislature's Nonpartisan Fiscal and Policy Advisor 925 L Street, Suite 1000 Sacramento, CA 95814 | (916) 445-4656
https://lao.ca.gov/Publications/Report/4271

The 2018-19 Budget: State Treasurer’s Office

Jan 31, 2018 - The office provides various banking services for state and local governments. For example, STO invests state funds, administers the sale of state bonds, and processes various payments. The State Treasurer also serves as chairperson of various state boards, commissions, and authorities (BCAs).
https://lao.ca.gov/Publications/Report/3737

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Moves Financial Institutions to Single Sales Factor Apportionment. Multistate and multinational corporations have their California tax liability calculated using a process known as apportionment. Most firms use the Single Sales Factor method, which calculates the percentage of a firm ’s sales that occur in California, and then subjects that percentage of the firm ’s profits to California taxation.
https://lao.ca.gov/Publications/Report/5081

The 2025-26 California Spending Plan: Other Provisions

Oct 16, 2025 - Moves Financial Institutions to Single Sales Factor Apportionment. Multistate and multinational corporations have their California tax liability calculated using a process known as apportionment. Most firms use the Single Sales Factor method, which calculates the percentage of a firm ’s sales that occur in California, and then subjects that percentage of the firm ’s profits to California taxation.
https://lao.ca.gov/Publications/Report/5081/

The 2017-18 Budget: The State Controller’s Office Unclaimed Property Program

Feb 24, 2017 - Unclaimed properties include cash properties (such as those held in bank checking and savings accounts) and security properties (such as stocks and bonds). After a period specified in statute (described later), SCO converts securities to cash.
https://lao.ca.gov/Publications/Report/3584

The 2020-21 Budget: Reinventing the Department of Business Oversight

Feb 26, 2020 - Regulation of Industrial Banks How Should Industrial Banks Be Regulated? The proposed language would change the requirements for entities to qualify as industrial banks, with the intent of making it easier for entities —such as financial technology companies (known as Fintech companies) —that are not exclusively engaged in financial activities to secure an industrial bank charter in California.
https://lao.ca.gov/Publications/Report/4181

Nutrition Programs in COVID-19 Recovery Actions

Mar 25, 2020 - California Has Been Added to SNAP Online Purchasing Pilot Program. On April 8, 2020, the federal government approved California ’s request to provide online food purchasing to SNAP beneficiaries. California is currently working with the federal government to expand the list of authorized online retailers (which currently include Amazon and Walmart).
https://lao.ca.gov/Publications/Report/4211

The 2025-26 Budget: California Military Department—STARBASE Classroom Building

Feb 20, 2025 - As of 2023, STARBASE Los Alamitos had three authorized classrooms for the over 3,500 students a year who visit. However, CMD reports it cannot serve all interested students and there is currently a waitlist for the program.
https://lao.ca.gov/Publications/Report/4976