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Build America Mutual Assurance Company (stylized as Build America Mutual or BAM) is a mutual, monoline bond insurer of essential public-purpose U.S. municipal bonds. Since its inception in July 2012, the company has insured more than $65 billion in par amount for more than 3,300 member-issuers.
Gavin Newsom, the 40th and current governor of California. The governor of California is the head of government of California, whose responsibilities include making annual State of the State addresses to the California State Legislature, submitting the budget, and ensuring that state laws are enforced.
Governors are elected by popular ballot and serve terms of four years, with a limit of two terms, if served after November 6, 1990. [3] Governors take the following oath: I (Governor) do solemnly swear that I will support and defend the Constitution of the United States and the Constitution of the State of California against all enemies foreign and domestic, that I will bear true faith and ...
The Spanish Empire established its rule in the Californias in 1769. During this time, the Californias encompassed a massive territorial expanse, including both Alta California (present day U.S. state of California) and Baja California (present day Mexican states of Baja California and Baja California Sur), which were governed under a military administration led by the Governor of the Californias.
The lieutenant governor is the president of the California Senate and acts as the governor when the governor is unable to execute the office, including whenever the governor leaves the state. [4] The governor and lieutenant governor also serve as ex officio members of the University of California Board of Regents and of the California State ...
California Gov. Gavin Newsom, shown at the inauguration of his second term in office, cannot run for reelection. The 2026 race to replace him is underway. (Gary Coronado / Los Angeles Times)
[2] [3] In the event of a vacancy, the governor is succeeded by the second-highest-ranking state official; in 45 states and 4 territories, the lieutenant governor is the first in the line of succession. [4] [5] As of January 25, 2025, there are 27 states with Republican governors and 23 states with Democratic governors. Both Republicans and ...
California's government consists of three branches: the executive, legislative, and judicial branches. The California State Legislature is bicameral. The lower house, the California State Assembly, has 80 members, and the upper house, the California State Senate, has 40 members. [2] The executive branch is led by the Governor of California. [3]