News & Events

On July 15, 2024, Assembly Bill (AB) 2731, sponsored by Assemblymember Carrillo, was signed into law by Governor Newsom. This change allows the addition of qualified carbon dioxide capture facilities as a new, eligible project type for the issuance of private activity Tax-Exempt Bonds within the CPCFA Bond Program.

A recent report by the Lawrence Livermore National Laboratory and the Clean Air Task Force identifies carbon dioxide capture storage as a tool that can be helpful to California’s goal to become carbon-neutral. At this time the only projects of this type that we are aware of being planned for California are pilot projects funded by the National Energy Commission.  Adding carbon dioxide capture facilities to our qualified project list places CPCFA in the position to assist in financing projects as the technology emerges.

Sacramento – State Treasurer Fiona Ma announced the sale of $15,595,000 in tax-exempt new money and refunding notes, financing solid waste disposal handling equipment and facilities in Sacramento County. The California Pollution Control Financing Authority (CPCFA), chaired by Treasurer Ma, issued the tax-exempt notes, on behalf of Atlas Disposal Industries, LLC (Atlas). In addition, as a small business with approximately 155 employees, Atlas received an award from the CPCFA Bond Program’s Small Business Assistance Fund to assist with the costs of issuance.

Read the full press release below.

SACRAMENTO – State Treasurer Fiona Ma announced the placement of notes funding
updated solid waste disposal handling equipment and facilities in two counties, impacting seven California communities. The California Pollution Control Financing Authority (CPCFA) issued the tax-exempt notes for the benefit of Arakelian Enterprises Inc. d.b.a. Athens Services (Athens).

Read the full press release below.

Sacramento – State Treasurer Fiona Ma announced the sale of three bonds that will each fund projects that include sustainable upgrades to California communities. The bonds were issued on behalf of the California Pollution Control Financing Authority (CPCFA) for projects in the City of Woodland and Counties of Santa Clara and San Bernardino.

Read the full press release below.

Sacramento – State Treasurer Fiona Ma announced the approval of three requests for taxexempt financing that will benefit projects focused on making clean-energy improvements and upgrades, including a first-of-its-kind anaerobic digester that converts organically generated methane into a natural gas supply. The financing requests were approved by the California Pollution Control Financing Authority (CPCFA) Board, chaired by Treasurer Ma.

Read the full press release below.