Program · Water & Wastewater
Build the system now. Let the federal and state money catch up.
Revenue bond financing for water, wastewater, and recycled-water agencies, with bridge financing that carries a project until USDA, State Revolving Fund, or WIFIA funding arrives.
Eligible Projects
What it finances
- Treatment plant upgrades and expansion
- Pipelines, mains, and service-line replacement
- Storage, reservoirs, and pump stations
- Recycled water and groundwater projects
- Meters, SCADA, and system controls
Structures
Three ways to finance
Bridge financing.
Short-term notes fund construction and are repaid when the USDA, SRF, or WIFIA loan closes.
Revenue bonds.
Long-term, fixed-rate financing repaid from utility rates, placed privately or offered publicly.
Pooled financing.
Smaller agencies can issue together to share costs, with no cross-liability.
For Your Agency
Why agencies use it
- No general fund pledge. Repayment comes from utility revenues.
- Every financing is competed among banks, institutional investors, or underwriters.
- Free membership, with no obligation to finance.
Tell us about the project and the funding you’re pursuing.
Lloyd Hedenland, Senior Project Managerlloyd@calmunipfa.com(916) 258-4046
Kelsey Weist, Senior Project Managerkelsey@calmunipfa.com(530) 636-3364