California Department of Food and Agriculture Fertilizer Inspection Advisory Board Special Meeting Minutes Nov 2025
CDFA Bank Accounts Held with Bank of America Under Review
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Description
The California Department of Food and Agriculture currently maintains three program accounts with Bank of America, incurring administrative costs and earning minimal interest. The agency is evaluating whether to transfer these funds into the State Treasury for better returns and efficiency.
Contract Details
Vendor
BANK OF AMERICA
Agency
California Department of Food & Agriculture | Inspection Services Division, CA
Contract Type
FINANCIAL_SERVICES
Document Date
November 5, 2025
Renewal Info
Accounts are periodically reviewed; discussion underway about possible termination and transfer to State Treasury by July 2026. No renewal or formal end date yet.
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PENDINGIssuing Agency
California Department of Food & Agriculture | Inspection Services Division
State
Sacramento, CA
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