CPCFA Tax-Exempt Private Activity Bond and IDB Financing Program
Known as Capital Programs & Climate Financing Authority as of January 1, 2026, CPCFA, a financing authority housed in the State Treasurer’s Office, has been assisting businesses of all sizes, non-profits, and public-private partnerships in accessing the tax-exempt market since 1973. Under state law, CPCFA issues bonds, notes and bond anticipation notes (BANs) in the categories of solid waste, carbon dioxide capture, wastewater, and water furnishing, as well as certain industrial development bonds (IDBs).
In addition to the excellent service and competitive rates provided to all applicants, small businesses (up to 500 employees) can receive a Small Business Assistance Fund subsidy towards the costs of issuance, while non-profits pay a reduced administration fee.
At Argent Institutional Trust, every partnership starts with a simple promise: You, First.
As we look ahead, we’re proud to stand alongside public finance leaders who share that same commitment to serving communities with care, accountability, and purpose.
In public finance, there’s no margin for uncertainty—only trust, precision, and performance. That’s why our trust solutions are designed with your priorities at the center. Whether supporting bond issuances, managing escrow accounts, or navigating complex compliance requirements, we focus on delivering clarity and confidence so you can focus on what matters most: the communities you serve.
For us, “You, First.”, means anticipating your needs before they arise, simplifying the complex, and ensuring every detail is handled with the highest level of diligence and security.
We look forward to connecting with you and continuing the conversations that move public finance forward—together.
WireSafe is a software security platform that protects financial wire transfer instructions from cyber threats. Trusted by banks, financial institutions, businesses, and government agencies, WireSafe safeguards against sophisticated fraud attempts to alter wire instructions for the transfer of funds at closing.
U.S. Bank is a valued service provider for a broad range of corporate and municipal financings in addition to a wide variety of escrow services. Their experienced professionals understand the complexities of these transactions and use their expertise and the latest technology available to exceed each customers individual needs and fulfill their expectations for timeliness and accuracy. Experience their support services and make U.S. Bank your provider of choice.
For 50 years, top companies have counted on Stradling to have the right team and skills to meet their toughest challenges 24/7, 365 days a year.
Stradling is a leading law firm with more than 110 lawyers providing experienced counsel in critical transactions and disputes from offices across California, Colorado, Nevada, and Texas. Stradling’s size, structure, and culture provide big-firm counsel with small-firm flexibility and responsiveness. That deliberate focus on client success has helped the firm attract and retain many of the most accomplished lawyers in their fields. Stradling lawyers provide clients with innovative solutions to their corporate and securities, public and corporate finance, private equity, litigation, M&A, employment, tax, venture capital, privacy and data security, intellectual property, healthcare regulatory, consumer regulatory, bankruptcy, environmental, and real estate needs.
At PNC Public Finance, we’re more than a financial provider—we’re your partner in progress. From essential credit solutions to capital markets and treasury management, we tailor capabilities to fit your organization’s needs. We’re also one of the most active public finance firms in the country—committed to helping public and nonprofit organizations move their mission forward.
Fidelity Capital Markets ® (FCM) provides innovative trading and technology solutions, and execution services across multiple asset classes for institutional investors. Our offering includes a suite of electronic brokerage products for equities, options, prime brokerage, securities lending, fixed income, municipal- and bank-issued brokered CD underwriting, and FOREX. For more than 30 years, FCM has successfully worked with asset managers, hedge funds, family offices, endowments, banks, and brokerage firms in support of their business goals. Fidelity has one of the largest retail and institutional presences; this expansive network provides institutional investors with a differentiated offering and greater access to liquidity. We can help clients maximize their investment strategies with our leading market insight, advanced technology solutions, and high-quality trade execution.
The California Municipal Finance Authority’s (“CMFA”) mission is to support economic development, job creation and social programs throughout the State of California while giving back to California communities. By supporting our member communities and their local charities with a portion of the revenue generated through the issuance of taxable and tax-exempt bonds for public, private and non-profit entities, the CMFA is able to directly contribute to the health and welfare of the residents of California.
The CMFA shares 25% of all issuance fees directly with its member communities. In addition, a grant equal to 25% of the issuance fee is made to the California Foundation for Stronger Communities (“CFSC”) to fund charities designated by the member communities. A portion of the annual fees received by the CMFA will also be directed to charitable activities within California communities. This unique commitment to “give back” directly to the communities in which we operate sets the CMFA apart.
Expect more from a financial services partner
For more than a century, our organization has fueled the success of consumers, businesses and wealth clients alike. As part of an organization that spans the American Midwest and Southwest, we’re able to deliver the kind of insights and expertise you might not expect from someone so close to home. And, with our focus on building long-term relationships and commitment to investing in our communities, you can grow right along with us.
As a global financial services company, we oversee more than $55.8 trillion* in assets for our clients – managing it, moving it and keeping it safe.
For over 240 years, we have been creating new solutions that benefit businesses, communities and people everywhere.
No matter what the future brings, we’ll be ready and we’ll be working. Making money work for the world.