Public banks can be formed in California: Newsom signs new law

California becomes the second U.S. state to let cities and counties establish public banks, which are intended to use public funds to let local jurisdictions provide capital for projects at low interest rates.

from California https://www.latimes.com/business/story/2019-10-02/public-banks-can-be-formed-under-bill-signed-by-newsom
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