Commercial Paper Program
🏛 State Treasurer's Office (California)
✓ Free, no account · Source: California Grants Portal · Last verified Sep 5, 2026
Can you apply?
This grant is for farmers, ranchers, and California Native American Tribes seeking to reduce methane emissions from dairy and livestock operations through alternative manure management practices.
Applicants must be located in California with a physical business address. The project site must be on a commercial California dairy or livestock operation. Current baseline manure management must involve anaerobic decomposition of volatile solids in a lagoon or predominantly liquid anaerobic environment.
CDFA will fund up to 100% of project costs with a maximum award of $750,000. The grant term runs March 1, 2024 through August 31, 2026 (30 months maximum). Matching funds are encouraged but not required.
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Program description
Eligibility General Requirements -Must be a health facility as defined in the Authority’s Act (Section 15432(d) of the California Government Code) -Must be a non-profit 501(c)(3) corporation or public health facility (e.g., district hospital) as defined in the Authority’s Act (Section 15432(e) of the California Government Code) -Must have been in existence for at least three years, providing the same types of services -Must demonstrate evidence of fiscal soundness and the ability to meet the terms of the proposed loan Use of Funds Funds may be used for: -Construction, remodeling, renovation, and/or improvements -Land acquisition -Acquisition of existing health facilities -Equipment and/or furnishings -Refunding of prior debt -Working capital for start-up facilities -Costs of bond issuances, feasibility studies & reimbursement of prior expenditures Loan Terms -Any commercial paper issued by Authority must receive short-term rating of at least A-1/P-1/F-1 by at least one nationally recognized rating agency -Must be issued in denominations of $100,000 -Final maturity date cannot exceed 40 years -Commercial paper application must include a detailed description of capital projects to be funded by proceeds Fees -No application fee -Initial fee of 0.05% of the issue amount (maximum $100,000) -Annual administrative fee; greater of $5,000 or 0.0175% of the maximum amount of notes outstanding during the billing year Required Documentation -Three most recent fiscal years of audited financial statements
Who can apply
Eligible applicants
- Farmer
- Individuals
- Nonprofits
- Public Authority
- Rancher
- Small Business (SBA-defined)
- Tribal Nation
- Tribal Organization
Demographic focus
How to apply
Application links
Key dates & requirements
Program contact
- 📧 summer.nishio@treasurer.ca.gov
- 📞 1-916-657-4037
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 | 1 | 1 | 100% |
| 2025-2026 | — | — | — |
| 2024-2025 | — | — | — |
| 2026-2027 | 1 | 1 | 100% |
Source: California Grants Portal
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