California Debt and Investment Advisory Commission

The California Debt and Investment Advisory Commission (CDIAC) is a state agency that provides guidance and support on issuing public debt, such as bonds, for California’s government entities. Its role is to ensure these entities follow laws and procedures, promote responsible borrowing, and maintain transparency. By offering technical expertise and advice, CDIAC helps local governments, school districts, and other agencies access capital efficiently while safeguarding taxpayer interests. Essentially, CDIAC helps manage and oversee public debt to ensure it’s used effectively and responsibly for community development projects and public services.