- Buyer
- State Treasurer's Office
- Deadline
- No deadline supplied
- Posted
- Jul 9, 2020
- Location
- The facility and/or equipment being financed must be located in California. · United States
- Category
- Construction & facilities
- Type
- Loan
- Notice ID
- CA Portal 1848
- Source
- California Grants Portal
Description
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. Eligible Facilities The followi
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BidRover copies listing details from California Grants Portal. Always confirm requirements, amendments and submission instructions in the official notice before responding.