Commercial Paper Program
🏛 State Treasurer's Office (California)
✓ Free, no account · Source: California Grants Portal · Last verified Nov 1, 2026
Can you apply?
This grant is for organizations partnering with the California State Library to administer a statewide disaster preparedness grant program for cultural heritage organizations. Eligible applicants demonstrate expertise in preservation needs assessments, digital preservation, grant administration, and working with archives, historical societies, libraries, museums, and tribal nations. The partner organization designs the grant program, conducts outreach, manages applications, scores proposals, and tracks grantee expenditures through March 2025.
Applicants need proven experience with state, federal, or private funding programs and collection-level assessments. The role requires project planning and management skills. This is a California-focused opportunity for organizations with demonstrated capacity in cultural heritage preservation and grant administration.
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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
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 | 2 | 2 | 100% |
Source: California Grants Portal
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