Bond Financing Program
🏛 State Treasurer's Office (California)
✓ Free, no account · Source: California Grants Portal · Last verified Jul 10, 2026
Can you apply?
This grant is for flood risk reduction and habitat enhancement projects in California's Central Valley. Eligible applicants include any California public agency, nonprofit organization, or Tribe. Projects must include capital asset acquisition or construction (not yet underway). Design, environmental documentation, and studies may be included but cannot stand alone. Acquisitions must be from willing sellers. Special consideration given to economically distressed or disadvantaged communities.
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Program description
Eligibility General Requirements -Be regionally accredited by the Western Association of Schools and Colleges; -Be a private, non-profit, post-secondary degree granting educational institution that does not factor race or ethnicity into their admissions process, and is located in California or that has educational facilities in California that are regionally accredited; -Offer a broad curriculum in secular subjects, and the information and coursework used to teach secular subjects must be neutral with respect to religion; -Have been operating for a minimum of three years prior to submitting an application for financing and provide three years of audited financial statements; -Have revenue or collateral sufficient to cover debt service on the proposed financing. Use of Funds Funds may be used for: -Construction -Remodeling and renovation -Land acquisition -Purchase of or lease of equipment -Refinancing or refunding of prior debt -Costs of bond issuances and reimbursement of prior expenses Loan Terms -Market determined fixed or variable rate interest rate, depending on maturity -No loan maximum -Maximum loan maturity typically 40 years -Loan security provisions and bond covenants that correspond with bond rating Fees -$1,000 non-refundable application fee -Initial fee of 0.15% of the par amount up to $10 million, plus 0.05% of the par amount in excess of $10 million (up to a maximum fee of $75,000) -Annual administrative fee of 0.015% of the par amount outstanding (up to a maximum of $12,000) Required Documentation -Three most recent fiscal years of audited financial statements
Who can apply
Eligible applicants
How to apply
Application links
Key dates & requirements
Program contact
- 📧 erica.rodriguez@treasurer.ca.gov
- 📞 1-916-653-2872
Funding track record
Past applications & awards under this program (California Grants Portal) — how competitive it is.
By fiscal year
| Fiscal year | Applications | Awarded | Award rate |
|---|---|---|---|
| 2023-2024 | 2 | 2 | 100% |
| 2022-2023 | 2 | 2 | 100% |
| 2024-2025 | 5 | 5 | 100% |
| 2025-2026 | 3 | 3 | 100% |
| 2020-2021 | — | — | — |
| 2021-2022 | — | — | — |
Source: California Grants Portal
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