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Program operates on an ongoing basis with no specific application deadline; CDLAC allocations typically awarded in January of each calendar year.
California Pollution Control Financing Authority (CPCFA) is sponsored by California Pollution Control Financing Authority (CPCFA). The CPCFA provides tax-exempt bond financing to California businesses, irrespective of company size, for the acquisition, construction, or installation of qualified pollution control, waste disposal, waste recovery facilities, and the acquisition and installation of new equipmen…
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California Pollution Control Financing Authority (CPCFA) Exempt Facility Bond Financing Program - California Grants Portal The Pollution Control Tax-Exempt Bond Financing Program facilitates low cost capital through private activity, tax-exempt bonds. The securities pay for acquisition, construction or installation of qualified pollution control, water furnishing, waste disposal, waste recovery facilities and equipment.
Tax-exempt bond financing assists qualified borrowers to obtain lower interest rates than are available through conventional loans. CPCFA acts as a conduit issuer in the transaction. The bonds are issued to raise capital for revenue-generating projects where the funds are used by the borrower to make payments to investors.
The conduit financing is typically backed by either the borrower's credit or monies pledged to the project by outside investors. If the project fails and goes into default, it is solely the borrower's responsibility to repay the bondholders.
The following types of projects are eligible for financing: Provides financing to California business, irrespective of company size, for the acquisition, construction or installation or qualified pollution control, waste disposal, and resource recovery facilities Provides financing to California businesses that meet the size standards set forth in Title 13 of the Code of Federal Regulations or are an eligible small business, which is defined as 500 employees or less, including affiliates, for the acquisition, construction or installation of qualified pollution control, waste disposal, and resource recovery facilities.
Final determination of eligibility is based upon opinion of Bond Counsel and Tax Counsel pursuant to Federal Tax Laws.
Types of projects, which may qualify for tax-exempt bond financing, include: Curbside collection facilities, Recycling facilities, Composting facilities, Materials recovery facilities, Transfer station Landfills, Waste-to-energy facilities, Qualified solid waste or hazardous waste disposal projects Waste recovery facilities, Water Furnishing Facilities, Wastewater Treatment Facilities.
Potential Uses of Bond Proceeds: Buildings and equipment Machinery and furnishings Land Costs of architects, engineers, attorneys and permits Costs of bond issuance Federal Eligibility Requirements Restrictions on use of proceeds: 95% of proceeds must be used for the defined project 2% of bond proceeds can be used for costs of issuance 25% of bond proceeds can be used for land costs in certain cases A public Tax Equity and Fiscal Responsibility Act (TEFRA) hearing must be held before the bonds are issued To acquire an existing building, a minimum of 15% of the bond proceeds must be used to renovate the building The average life of the bond issue cannot exceed 120% of the weighted average of the estimated useful life of the assets being financed.
Prospective borrowers should contact bond counsel to help determine if a proposed project qualifies under federal law. Financing is performed in conjunction with allocation from the California Debt Limit Allocation Committee (CDLAC). The allocation is required by federal tax law for private activity tax-exempt bonds to be issued.
Application Fee: . 0005 (1/20 of 1%) of total application amount, not to exceed $5,000. Payable with initial application.
Administrative Fees: . 002 (2/10 of 1%) of total amount of bonds issued utilizing volume cap allocation, minus the application fee. Please see the CPCFA Bond Program website for additional fees which may apply to the financing.
CPCFA provides financing for any qualified California business, regardless of size, for projects that include the acquisition, construction and/or equipping of qualified pollution control, waste disposal, water furnishing, sewage treatment and resource recovery facilities. The final determination of eligibility is based upon opinion of Bond Counsel and Tax Counsel pursuant to Federal Tax Laws.
The facility and/or equipment being financed must be located in California. Expected award announcement The date on which the grantor expects to announce the recipient(s) of the grant. The length of time during which the grant money must be utilized.
Total estimated available funding The total projected dollar amount of the grant. Expected number of awards A single grant opportunity may represent one or many awards. Some grantors may know in advance the exact number of awards to be given.
Others may indicate a range. Some may wish to and wait until the application period closes before determining how many awards to offer; in this case, a value of “Dependent” will display. Estimated amount per award Grant opportunities representing multiple awards may offer awards in the same amount or in varied amounts.
Some may wish to wait until the application period closes before determining per-award amounts; in this case, a value of “Dependent” will display. $1,500,000 – $550,000,000 Letter of Intent Required? Certain grants require that the recipient(s) provide a letter of intent.
Requires Matched Funding? Certain grants require that the recipient(s) be able to fully or partially match the grant award amount with another funding source. The funding source allocated to fund the grant.
It may be either State or Federal (or a combination of both), and be tied to a specific piece of legislation, a proposition, or a bond number. The tax-exempt private activity bond financings are performed in conjunction with allocation from the California Debt Limit Allocation Committee (CDLAC). The allocation is required by federal tax law for private activity tax-exempt bonds to be issued.
The amount of private activity bond allocation allotted to exempt facility projects varies from year to year. CDLAC allocation amounts are typically awarded in January of each calendar year. The manner in which the grant funding will be delivered to the awardee.
Funding methods include reimbursements (where the recipient spends out-of-pocket and is reimbursed by the grantor) and advances (where the recipient spends received grant funds directly). Advances & Reimbursement(s) CPCFA acts as a conduit issuer in the transaction. The bonds are issued to raise capital for revenue-generating projects where the funds are used by the borrower to make payments to investors.
The conduit financing is typically backed by either the borrower's credit or funds pledged toward the project by outside investors. If a project fails and goes into default, the responsibility of repayment is solely the borrower's financial obligation. State agencies/departments recommend you read the full grant guidelines before applying.
For questions about this grant, contact: 1-916-654-5610, CPCFAbonds@treasurer. ca.
gov Disadvantaged Communities Transformative Climate Communities Round 6 PLANNING Grant (FY 25-26) More Details about Transformative Climate Communities Round 6 PLANNING Grant (FY 25-26) Disadvantaged Communities Transformative Climate Communities Round 6 PROJECT DEVELOPMENT Grant (FY 25-26) More Details about Transformative Climate Communities Round 6 PROJECT DEVELOPMENT Grant (FY 25-26) Disadvantaged Communities Transformative Climate Communities Round 6 IMPLEMENTATION Grant (FY 25-26) More Details about Transformative Climate Communities Round 6 IMPLEMENTATION Grant (FY 25-26) Community Resilience Centers Round 2 PLANNING Grant (FY 26-27) More Details about Community Resilience Centers Round 2 PLANNING Grant (FY 26-27) Change Notes: 09/11/2024, 7:45pm updated projects funded FY 20/21 Updated projects funded FY 21/22 and 22/23 Updated Contact information
According to the current listing, eligibility includes: California businesses of any size operating facilities in California including recycling, waste-to-energy, wastewater treatment, and composting projects. Confirm the full requirements in the official notice before applying.
The current listing shows $1,500,000 to $550,000,000. Verify award ceilings, matching requirements, and allowable costs in the official notice.
California Pollution Control Financing Authority (CPCFA) is funded by California Pollution Control Financing Authority (CPCFA). Verify program details on the funder's official page before applying.
This opportunity targets applicants in California. If your organization operates elsewhere, check the official notice for location requirements.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
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