Details | Exempt Facilities/Solid Waste Private Activity Bonds


Funder

 

California Statewide Communities Development Authority

Implementer

 

California Statewide Communities Development Authority

Description

 

CSCDA issues Bonds for companies to finance the acquisition and rehabilitation, construction of, or acquisition of new equipment for solid waste and exempt facilities. As the interest on the Bonds is exempt from federal income taxes, a borrower can finance a project at a lower interest rate than available through conventional financing. Since inception, CSCDA has issued in excess of $1.1 billion for solid waste facilities projects. CSCDA can privately place projects ranging in size from $1 million to $5 million through the Small Issue Public Benefit Program or work with a borrower and their finance team as conduit issuer on publicly offered Bonds.CSCDA requires each project to demonstrate a clear public benefit to the community in which the project is located. Additionally, each borrower is required to file an application, via CSCDA, with the State of California to reserve the right to issue tax-exempt bonds. The state application evaluation criteria are based on various public benefit categories such as job creation, participation in a Welfare to Work Plan, payment of employee medical, dental, and vision costs, comparison of the average hourly wage, and use of energy efficient facility designs and materials.

Funding guidance

 

Applications open

 

None

Applications close

 

None

Type

 

Bond

Category

 

Financing

Territory

 

California

Applicant type

 

For Profit

Project

 

New Addition to an Existing Building  |  Production Process Improvement  |  Real Estate and Asset Purchases  |  Rehabilitation of Existing Whole Building  |  Rehabilitation of Part of an Existing Building  |  Whole New Building Construction

Sector

 

Commercial

Sub-sector

 

Industrial

Sustainability

 

Energy Efficiency for Processes  |  Energy Efficiency in Buildings  |  Energy Management System  |  Energy Storage  |  Generation Systems  |  Waste  |  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

 

15

Interest rate comment

 

Incentive