Financing under the California Pollution Control Financing Authority
- California Pollution Control Financing Authority, Sacramento, CA (United States)
The California Pollution Control Financing Authority (CPCFA) provides California industry with a method of financing facilities needed to control and eliminate pollution hazards to the environment. The program enables private companies to utilize funds received from the sale of CPCFA bonds for the acquisition, construction, or installation of pollution control facilities and, when possible, to meet environmental requirements imposed by public agencies. Subsequent changes in federal and state law authorized CPCFA to finance municipal and biomass resource recovery projects. Most bonds sold by the CPCFA pay interest to investors that is exempt from both federal and state income taxes. The insurance of these tax-exempt bonds has resulted in significant reductions in pollution control project financing costs for companies which otherwise would have to secure private taxable financing for their projects.
- OSTI ID:
- 78081
- Report Number(s):
- CONF-9404125--
- Country of Publication:
- United States
- Language:
- English
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