Tax-Exempt Bond Financing Program
Designed to recycle useful materials, deliver clean water and safely handle solid waste and sewage.
Contact Information
Please send program inquiries to cpcfabond@treasurer.ca.gov
Quick Links
- Agendas, Staff Reports, Minutes and Notices of Tax Equity and Fiscal Responsibility Act (TEFRA) Hearings
- Audits/Financial Disclosure Reports
- Bond Annual Reports
- Bond Program Brochure
- Bond Program FAQs
- Bond Program Notices
- Fees Schedule
- Green Bond Pledge
- Post-Issuance Actions Request Form
- Post-Issuance Tax Compliance Procedures
- Program Overview
- Program Summary
- Regulations
- Sign Up to Receive CPCFA Information
- State Treasurer’s Office list of approved Bond Counsel Pool firms
- TEFRA Requirements pursuant to IRS Regulations affecting the timing of CPCFA Bond Program and its existing TEFRA procedures
Program Updates
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The CPCFA 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 get lower interest than through conventional loans.
The California Pollution Control Financing Authority (CPCFA) is actively issuing Green Bonds to environmental projects meeting commonly accepted standards for climate investments. Bonds issued under this division shall, whenever practical, be aligned with generally recognized principles and best practice guidelines for financing climate mitigation, adaptation, or resilience projects.
Types of projects, which may qualify for tax-exempt bond financing, include:
- Carbon Dioxide Capture Facilities *New
- Composting facilities
- Curbside collection facilities
- Landfills
- Materials recovery facilities
- Purchase of collection vehicles and residential waste containers
- Qualified solid waste or hazardous waste disposal projects
- Recycling facilities
- Transfer station
- Waste recovery facilities
- Waste-to-energy facilities
- Wastewater Treatment Facilities
- Water Furnishing Facilities
Examples of recent assistance include projects to purchase clean-air vehicles by waste companies, construct and operate anaerobic digesters, recycle used oil, convert animal waste to clean burning fuel and develop construction and demolition debris recycling programs.
Prospective borrowers should contact bond counsel to help determine if a proposed project qualifies under federal law. Bond counsel must be listed on the State Treasurer's Office list of approved firms.
Once eligibility is determined, contact CPCFA staff to begin the application process.
- Initial Resolution Application
- CPCFA Final Resolution/CDLAC Allocation Application
- Memorandum Regarding Performance Deposit Certification Procedures
- Refunding Request (in Word) (Revised 2.16.2024)
- Post-Issuance Actions Request Form
- Bond Issuance Guidelines
- Frequently Asked Questions (FAQs)
Allocation is provided by the California Debt Limit Allocation Committee.