Commercial Paper Program
🏛 State Treasurer's Office (California)
✓ Free, no account · Source: California Grants Portal · Last verified Oct 4, 2026
Can you apply?
This grant is for local public agencies in California seeking planning funds for water recycling projects. Applicants must be public entities that serve communities of any size and wealth level. Eligible uses include recycled water treatment, storage, distribution, groundwater recharge, and indirect potable reuse planning. Operation and maintenance costs are not eligible.
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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
How to apply
Application links
Required documents
- Application form (as specified by State Water Resources Control Board)
- Project narrative describing feasibility study or planning work
- Budget and cost-sharing documentation
- Evidence of local agency status or governance authority
- Letters of support or partnership agreements (if applicable)
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
FAQ
Who can apply for this grant?
Local public agencies in California can apply. Private companies and nonprofit organizations are not eligible.
What types of projects are eligible?
Planning for recycled water treatment, storage, distribution, groundwater recharge, and indirect potable reuse. Operation and maintenance costs are not eligible.
What is the funding amount?
Awards typically go up to $300,000. The total statewide funding pool is $17.3 million.
Is cost-sharing required?
Yes, cost-sharing is required. Review the WRFP Guidelines for specific matching percentages.
When is the deadline?
This appears to be a rolling application program. Check the State Water Resources Control Board website for current deadlines.
💡 Tips for applicants
- Focus your application on demonstrating how recycled water can offset or augment fresh water supplies in your community.
- Clearly explain the feasibility study or planning work your agency will conduct with grant funds.
- Show how the project aligns with state water conservation and sustainability goals.
- Document the local need for water recycling and the economic benefits to your community.
- Include detailed cost estimates for all eligible planning activities.
⚠️ Common mistakes
Requesting funds for operation and maintenance costs—these are explicitly ineligible. Applying as a private company or nonprofit instead of a local public agency. Failing to demonstrate a clear path to implementation after the planning phase.
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