California Pollution Control Financing Authority

Pollution Control Tax-Exempt Bond Financing Program

Designed to control pollution, recycle valuable materials and safely handle solid waste.

The Pollution Control Tax-Exempt Bond Financing Program facilitates low cost capital through private activity, tax-exempt bonds. The securities pay for acquisition, construction or installation of qualified pollution control, water furnishing, waste disposal, waste recovery facilities and equipment.

Tax exempt bond financing assists qualified borrowers to get lower interest than through conventional loans. Through a collaborative effort between CPCFA and CDLAC, the One-Stop Financing Shop has been restored, making the financing process easier for exempt facility borrowers to obtain approval and allocation at the same CPCFA Board Meeting.

The California Pollution Control Financing Authority (CPCFA) is actively issuing Green Bonds to pollution control and other environmental projects meeting commonly accepted standards for climate investments.

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
  • Purchase of collection vehicles and residential waste containers
  • Water Furnishing Facilities
  • Wastewater Treatment Facilities

Examples of recent assistance include projects to purchase clean-air vehicles by waste companies, construct and operate anaerobic digesters, recycle used oil, convert animal waste to clean burning fuel and develop construction and demolition debris recycling programs.

Prospective borrowers should contact bond counsel to help determine if a proposed project qualifies under federal law. Bond counsel must be listed on the State Treasurer's Office list of approved firms.

Once eligibility is determined, contact CPCFA staff to begin the application process.

CPCFA offers a One-Stop Financing Shop pursuant to an allocation agreement with the California Debt Limit Allocation Committee.