California Treasurer Bill Lockyer, who oversees some of the largest municipal bond sales in the country, said he will retire from elected office at the end of his term in 2015.

 “It’s tough to leave a career I have loved. It’s been an exciting, fulfilling and rewarding 45 years,” said Lockyer in a statement Monday. “I’m not abandoning the political and public policy arena. I will remain engaged.”

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