Details | Assembly Bill 850 Rate Reduction Bond Program


Funder

 

California State Treasurer

Implementer

 

California Pollution Control Financing Authority

Description

 

The California Pollution Control Financing Authority (CPCFA) is responsible to review the issuance of certain rate reduction bonds for water utility projects, approved by joint powers authorities. Assembly Bill 850 (Nazarian, 2013) authorizes joint power authorities to issue rate reduction bonds to finance publicly owned water utility projects until December 31, 2020. The bonds are to be secured by utility project property and repaid through a separate utility project charge imposed on the utility customer bills.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Bond

Category

 

Financing

Territory

 

California

Applicant type

 

Public Agency

Project

 

Infrastructure Construction  |  Rehabilitation of Existing Infrastructure

Sector

 

Public

Sub-sector

 

City  |  County  |  Special Districts

Sustainability

 

Water Recycling  |  Water Use Reduction

Additional website

 

Small business

 

False

Disadvantaged communities

 

False

Cost sharing amount

 

None

Cost sharing percent

 

None

Cost sharing note

 

Minimum repayment years

 

None

Maximum repayment years

 

None

Interest rate comment

 

Incentive