California Treasurer Bill Lockyer last week appointed Sean L. Spear to be executive director of the California Debt Limit Allocation Committee
Spear will replace Joanie Jones Kelly, who is retiring next month. The debt limit allocation committee decides how the state will distribute its tax-exempt private-activity bond allocation each year. In 2009, the state had an allocation of $3.3 billion.
Spear is currently director of major projects at the Los Angeles Housing Department and serves as the city agency’s point person on public-private lending partnerships. He has previously worked for Fannie Mae, the San Francisco Redevelopment Agency, the San Francisco Housing Authority and the New York City Department of City Planning.
Spear takes over his new job at the debt allocation committee on Aug. 24. Kelly, who has worked for the California state treasurer’s office for 20 years, retires on Aug. 4.
“Joanie will be missed greatly and hard to replace,” Lockyer said. “She’s an office institution.”
