C.4 State Finance and Joint Powers Authorities with Statewide Jurisdiction 1
In general, State Finance Authorities and Joint Powers Authorities/Agencies formed by local agencies/political subdivisions are conduit issuers that provide eligible borrowers/obligated parties with access to the tax exempt municipal market, grants, loans and other financing programs. See Appendix A.3 – State of California Financing Authorities and Appendix A.4 – Joint Powers Agencies/Authorities for a listing of statutory authorizations.