C.4.1 State Finance Authorities

C.4.1 State Finance Authorities

CALIFORNIA ALTERNATIVE ENERGY AND ADVANCED TRANSPORTATION FINANCING AUTHORITY (CAEATFA)

CAEATFA works collaboratively with public and private partners to provide innovative and effective financing solutions for California’s industries, assisting in reducing the state’s greenhouse gas emissions by increasing the development and deployment of renewable energy sources, energy efficiency, and advanced transportation and manufacturing technologies to reduce air pollution, conserve energy, and promote economic development and jobs.
www.treasurer.ca.gov/caeatfa/index.asp

CALIFORNIA EDUCATIONAL FACILITIES AUTHORITY (CEFA)

CEFA provides private, nonprofit higher education institutions with the assistance needed to reduce the cost of financing the construction of campus facilities through a tax exempt revenue bond program. The construction and improvement to facilities will help qualifying schools better serve their student population by offering more opportunities and better access to academic programs.
www.treasurer.ca.gov/cefa/index.asp

CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY (CHFFA)

CHFFA was established to be the State’s vehicle for providing financial assistance to public and non profit health care providers through loans, grants and tax exempt bonds.
www.treasurer.ca.gov/chffa/index.asp

CALIFORNIA POLLUTION CONTROL FINANCING AUTHORITY (CPCFA)

CPCFA has been providing low cost innovative financing to California businesses since 1972 with an objective of making California more economically prosperous and environmentally clean. As a government agency that issues tax exempt private activity bonds, CPCFA can facilitate low cost financing to qualified waste and recycling projects, and other projects to control pollution and improve water supply.

CPCFA also administers the California Capital Access Program (CalCAP), which encourages financial institutions to make loans to small businesses and provides for specialty programs targeted toward building an improved infrastructure for zero and partial emission vehicles and helping small businesses comply with the federal Americans With Disabilities Act.
www.treasurer.ca.gov/cpcfa/index.asp

CALIFORNIA SCHOOL FINANCE AUTHORITY (CSFA)

CSFA was created in 1985 to finance educational facilities and provide school districts and community college districts access to working capital. Since its inception, the Authority has developed a number of school facilities financing programs primarily focuses on assisting charter schools to meet their working capital and facility needs.
www.treasurer.ca.gov/csfa/index.asp

CALIFORNIA TRANSPORTATION FINANCING AUTHORITY (CTFA)

The Governor on October 11, 2009 signed AB 798, creating CTFA within the State Treasurer’s Office. The statute authorizes the CTFA to issue, or approve the issuance of, revenue bonds to finance transportation projects. The CTFA will review proposed projects to ensure they are financially sound, and has the ability to approve tolls as part of the financing plans to repay revenue bonds.

AB 798 provides innovative financing that will help California meet its transportation needs without busting state and local budgets. Through the CTFA, local transportation agencies will have greater ability to sell revenue bonds — backed by non general fund monies — in the municipal bond market. And the state will ensure that projects and financing are consistent with state transportation policy objectives.
www.treasurer.ca.gov/ctfa/index.asp

CALIFORNIA HOUSING FINANCE AGENCY (CalHFA)

Established in 1975, CalHFA was chartered as the state’s affordable housing lender. The Agency’s Multifamily Division finances affordable rental housing through partnerships with jurisdictions, developers and more, while its Single Family Division provides first mortgage loans and down payment assistance to first time home buyers. CalHFA is a completely self supporting state agency, and its bonds are repaid by revenues generated through mortgage loans, not tax payer dollars.
www.calhfa.ca.gov/

CALIFORNIA INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK (I-BANK)

The I-Bank was created in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy and improve the quality of life in California communities. I-Bank operates pursuant to the Bergeson-Peace Infrastructure and Economic Development Bank Act contained in the California (Government Code Sections 63000-63089.98) et seq. I-Bank is located within the Governor’s Office of Business and Economic Development and is governed by a five member Board of Directors.

I-Bank has broad authority to issue tax exempt and taxable revenue bonds, provide financing to public agencies, provide credit enhancements, acquire or lease facilities, and leverage State and Federal funds. I-Bank’s current programs include the Infrastructure State Revolving Fund (ISRF) Loan Program, California Lending for Energy and Environmental Needs (CLEEN) Center, Small Business Finance Center and the Bond Financing Program.
www.ibank.ca.gov/

CALIFORNIA MARITIME INFRASTRUCTURE AUTHORITY (CMIA)

CMIA was formed at the request of the California Marine Affairs and Navigation Conference and codified as Sections 6516.5 and 6571 of the Government Code and Part 1 (commencing with Section 1690) of Division 6 of the Harbors and Navigation Code of the State of California.

CMIA may also function as a Public Agency, under Code Section 1700, with its authority to establish one or more joint powers under State Law for the purpose of establishing an infrastructure fund for pooled financing of port or harbor infrastructure. CMIA is a joint exercise of powers authority formed under and pursuant to Article 1 of Chapter 5 of Division 7 of Title 1 of the Government Code of the State of California and a joint exercise of powers agreement among the Authority’s member Districts.

CMIA can issue debt, establish and administer infrastructure funds, receive or administer public and private grants, and expend tax revenues, appropriated funds, and other financings on behalf of its member Districts.
www.californiamaritimeinfrastructureauthority.org/