support to 30 others, focusing on her priority areas of fiscal accountability, green financing, high-speed rail, affordable housing and consumer protections. Head banker and strengthening state finances In her first year in office, Wall Street's Fitch Ratings and Moody's upgraded California's general obligation bonds, citing improved fiscal management, and stating California's budget reserves had "never been stronger". Ma stated her goal to help create "lower borrowing costs, a favorable interest rate environment, improved ratings, and a continued commitment to building reserves". In the first quarter of 2019, Ma sold more bonds than any other state treasurer in America, including a different bond issuance almost every week during March and April. From July to December 2019, her office sold an additional $7.65 billion of bonds. In November 2019, the nonpartisan California Legislative Analyst's Office reported on the Treasurer's cost-cutting impact stating: "the State Treasurer has been able to refinance much of the state's bond debt. Consequently, much of the state's outstanding debt now carries a lower interest rate resulting in lower annual costs." Overall in 2019, Ma's office oversaw $85 billion in bonds and $85 billion to $100 billion (an all-time high) in short term investments. "I believe in checks and balances, accountability and also being proactive," Ma told Bloomberg news. Ma's priorities for California's bond program include: saving taxpayer's billions of dollars by refinancing at lowering interest rates solving the housing crisis with more bonds allocated to affordable and low cost housing green bonds which promote environmental benefits for the people of California broadening efforts to include women, minority and veteran-owned broker-dealer firms to manage bond issuances helping local city governments to manage their finances soundly statewide infrastructure projects and voter approved bonds such as clean water and high-speed rail. Green financing and environmental policy Ma chaired the inaugural meeting of the California Green Bond Market Development Committee on June 5, 2019 to "establish California as the world's green bond leader" by developing standards for what qualifies as green bonds, and incorporating green bonds into the financing of state infrastructure projects. Ma launched the Small Business Energy Efficiency Financing and the Affordable Multifamily Energy Efficiency Financing programs in October 2019 to help small business, nonprofits and affordable housing owners to reduce the cost of financing energy efficiency improvements. She also co-sponsored the California Recycling Market Development Act to promote California's recycling programs, AB 1583 authored by Assemblymember Susan Eggman and