To: The California State House, The California State Senate, and Governor Gavin Newsom
California State Bank
The State of California shall establish a State Bank [similar to the State Bank of North Dakota] to be managed on conservative principals. The purposes of the California State Bank shall be to manage the States money, provide banking services to the State and Californians, to generate income for the State from banking activities and to promote the economy of California.
Why is this important?
California should have a State Bank [like North Dakota] to generate money for the State and support economic activity in the State. Large sums of money go through the State Treasury and the State could save money and generate income by having that money managed by a State Bank as well as accepting deposits and providing banking services to Californians at presumably cheaper rates than Commercial banks.