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California Pollution Control Financing Authority (CPCFA) Exempt Facility Bond Financing Program

open

State Treasurer's Office

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 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. CPCFA Fees: 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.  

Up to $1500000550M

Deadline: Rolling

energy; environment & water

Cannabis Research and Innovation Funding Opportunity (RIFO)

open

Department of Fish and Wildlife

The California Department of Fish and Wildlife (CDFW) Cannabis Restoration Grant Program (CRGP) is seeking Research and Innovation proposals from eligible applicants to evaluate environmental conditions and impacts relative to cannabis cultivation; produce resources for ecological and environmentally sound cultivation practices; facilitate environmental sustainability of legal cannabis cultivation; and overall, address environmental impacts related to cannabis cultivation in California. The Research and Innovation Funding Opportunity (RIFO) focuses on research and innovation across multiple disciplines. Projects may involve environmental research and/or technological innovation and may be qualitative and/or quantitative in scope. Project proposals may focus on species and habitats, particularly Species of Greatest Conservation Need and Sensitive Natural Communities, and approaches for mitigating potentially adverse impacts of cannabis cultivation and related activities. All qualified eligible applicants are encouraged to submit environmental research and/or technological innovation proposals. RIFO proposals may include one or more of the following Project Types as they relate to cannabis cultivation: water use, land management, native species, social dimensions and community engagement, and technological innovations. Proposals should focus on the following objectives: 1) Improve the collective understanding of how cannabis cultivation influences the environment. 2) Provide actionable solutions for mitigating adverse impacts of cannabis cultivation and related activities on the environment. 3) Address factors that support ecological or environmentally sound cultivation practices. 4) Contribute to the conservation of California’s fish, wildlife, and the habitats upon which they depend.

Deadline: Rolling

agriculture; environment & water; scienceand research & developmenttechnology

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