Thursday, May 2, 2019

State Treasurer Appoints Darrell Park to the California Clean Energy Jobs Act (Proposition 39) Citizens Oversight Board

California Treasurer Fiona Ma has appointed Darrell Park of Altadena to the California Clean Energy Jobs Act (Proposition 39) Citizens Oversight Board.

“I am thankful for Darrell’s commitment to serve on this important board,” said Treasurer Ma. “He is among the best in his field and the State will be much better for his contribution.”

The California Clean Energy Jobs Act provides up to $550 million per year for renewable energy and energy efficiency technology installations in K-12 public schools and community colleges. The institutions may then spend the savings realized through substantially reducing their electricity bills on investments in their students, teachers and staff.

The role of the California Clean Energy jobs Act (proposition 39) – Citizens Oversight Board is to ensure funds are spent with maximum effectiveness.

“This board is on the cutting edge of the conversion of the state’s conversion to renewable sources,” Mr. Park said. “I look forward to contributing my experience to the thoughtful stewardship of Prop 39 resources.”

Mr. Park is a graduate of Allegheny College, Georgetown University’s Graduate Public Policy Program and Stanford University’s Graduate School of Business. He holds patents in the areas of renewable energy and energy efficiency, worked with and for renewable energy startups, and is a community-based advocate for California’s transition to 100 percent renewable energy.

He also is the author of “Better Than We Found It: Simple Solutions to Some of the World’s Toughest Problems.” And he worked for a decade for the White House in the U.S. Office of Management and Budget where he witnessed the historic balancing of the federal budget and saw what is possible when Americans come together to accomplish a common goal.

The California Clean Energy Jobs Act provides up to $550 million per year for renewable energy and energy efficiency technology installations in K-12 public schools and community colleges. The institutions may then spend the savings realized through substantially reducing their electricity bills on investments in their students, teachers and staff.

Fiona Ma is California’s 34th State Treasurer. She was elected on November 6, 2018 with more votes (7,825,587) than any other candidate for treasurer in the state’s history. She is the first woman of color and the first woman Certified Public Accountant (CPA) elected to the position. The State Treasurer’s Office was created in the California Constitution in 1849. It provides financing for schools, roads, housing, recycling and waste management, hospitals, public facilities, and other crucial infrastructure projects that better the lives of residents. California is the world’s fifth-largest economy and Treasurer Ma is the state’s primary banker. Her office processes more than $2 trillion in payments within a typical year. She provides transparency and oversight for the state’s investment portfolio and accounts, as well as its surplus funds. Treasurer Ma oversees an investment portfolio of more than $100 billion, approximately $20 billion of which are local government funds. She is responsible for $82 billion in outstanding general obligation and lease revenue bonds of the state.

For more news about the State Treasurer’s Office, please follow Treasurer Ma on Twitter at @CalTreasurer, and on Facebook at California State Treasurer’s Office.