Presentation is loading. Please wait.

Presentation is loading. Please wait.

Michael Paparian Executive Director, CPCFA. Treasurer Bill Lockyer, Chair Controller John Chiang Director of Finance Ana Matosantos.

Similar presentations


Presentation on theme: "Michael Paparian Executive Director, CPCFA. Treasurer Bill Lockyer, Chair Controller John Chiang Director of Finance Ana Matosantos."— Presentation transcript:

1 Michael Paparian Executive Director, CPCFA

2 Treasurer Bill Lockyer, Chair Controller John Chiang Director of Finance Ana Matosantos

3 Established in 1973 through legislation signed by then Governor Ronald Reagan $14 billion in bonds issued; including Over $800 million in bonds issued in 2012 Currently controls $2.9 billion in private activity bond allocation for waste, recycling, water and wastewater projects Bond fees have been used to set up small business support and brownfields programs CPCFA has assisted projects in all but 3 RCRC counties (Alpine, Mono, Plumas)

4 Bond Financing Tax-exempt bonds for qualifying waste, recycling, water and pollution control facilities Taxable bonds for waste, recycling, water and pollution control Energy Efficiency Loan Participation Program $50 million Loan Pool for Initial Financing for PACE and PACE-Like Structures Intended to assist in “proving the marketplace” for PACE-like structures California Capital Access Program (CalCAP) Small business loan assistance through loss reserves and collateral support Special Assistance for diesel trucks and recyclers California Recycle Underutilized Sites (CALReUSE) Grants and loans to clean up contaminated lands Loans for site assessments

5 Privately owned water/wastewater treatment facilities Solid waste disposal or recycling facilities Waste conversion facilities such as anaerobic digesters Certain types of biomass conversion facilities Types of projects that may qualify for tax- exempt bond financing:

6 Financed projects have included digesters at dairies and sewage treatment facilities and a food waste digester in San Jose. CPCFA issues bonds to assist anaerobic digestion projects. Examples include a solar array at a recycling facility, LEED certified buildings at qualified facilities, and alternative energy/cogeneration at water clean-up projects. CPCFA bond-financed projects often include substantial energy components. Additional possibilities for CPCFA bond include desalination, private water or wastewater projects, industrial development bonds for recycling industries, pre-pay bonds for utility scale alternative energy generation, bio-diesel facilities, landfill gas, alternative fuels using waste products such as wood waste, alternative energy at qualified facilities. Additional Possibilities

7 CPCFA has a $16 million small business assistance fund which can be tapped to assist with the costs of issuance for bonds for qualified companies. Qualified businesses with under 500 employees can receive up to $205,000 towards the cost of issuance

8 Existing Capital Access Program (CalCAP) reduces the risk of loans by providing funds for loan loss reserves for banks, credit unions and CDFIs. State Small Business Credit Initiative is administered by U.S. Treasury. $168 million to California; $84 million to CPCFA New Collateral Support Program assists lenders in making loans to collateral-short businesses New Loan Participation Program helps boost market for energy efficiency, distributed generation and environmental improvement loans

9 Over $2 billion in loans supported since 1994 Partnerships with Air Resources Board for clean diesel truck support and CalRecycle to assist recycling businesses Loans supported in 25 RCRC member counties in recent years Most active lenders are community/regional banks, credit unions and Community Development Financial Institutions

10 Benefits almost any small business; emphasis on 504 Bridge Loans, energy improvements and alternative energy/energy conservation related businesses. CPCFA will provide lenders up to 50% of loan value as cash collateral for loans. Minimum support will be $100,000 and maximum will be $5 million. Loan size up to $20 million, business size up to 750 employees

11 CPCFA has launched a new program to assist in creating an initial lending pool for financing commercial energy efficiency projects. CPCFA will put up $10 million in the expectation that a lender will put up $40 million or more to create a $50 million loan pool Lenders can use this program to cover loan losses in initial financing period and mitigate interest rate risk. SSBCI funds to be paid back at bond take-out

12 Michael Paparian Executive Director California Pollution Control Financing Authority (916) Doreen Smith Bond Program Manager California Pollution Control Financing Authority (916)


Download ppt "Michael Paparian Executive Director, CPCFA. Treasurer Bill Lockyer, Chair Controller John Chiang Director of Finance Ana Matosantos."

Similar presentations


Ads by Google