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California Infrastructure and Economic Development

The California Infrastructure and Economic Development Bank has financing available to provide to local educational agencies to fund water quality and infrastructure projects.

Infrastructure State Revolving Fund Loan Program

The Infrastructure State Revolving Fund (ISRF) Loan Program provides financing to public agencies and non-profit corporations for a wide variety of infrastructure and economic development projects. ISRF Program funding is available in amounts ranging from $50,000 to $25,000,000, with loan terms of up to 30 years. Eligible projects include, but are not limited to educational facilities, water supply treatment, and water distribution. For all 18 ISRF project categories and more information, go to the Criteria, Priorities, and Guidelines for the Selection of Projects under the ISRF Program (Adopted August 25, 2015). You may also contact the IBank Loan Program Manager by e-mail at loanprogram@ibank.ca.gov or by telephone at 916-341-6600.

California Lending for Energy and Environmental Needs (CLEEN) Center

The California Lending for Energy and Environmental Needs (CLEEN) Center provides low-cost financing in amounts ranging from $500,000 to $30 million (or more with Board approval to State and local governments, including school districts, for approved energy efficiency projects including water/wastewater, pipeline, facilities, buildings, infrastructure, and more. For more information see the Criteria, Priorities, and Guidelines for the Section of Projects for IBank Financing Under the CLEEN Center. You may also contact the IBank CLEEN Program Manager by e-mail at loanprogram@ibank.ca.gov or by telephone at 916-341-6600.

Public Agency Revenue Bonds (PARB's)

Public Agency Revenue Bonds (PARB's) provide conduit tax-exempt or taxable bond financing for governmental entities. The PARB's are used for governmental and qualified purposes including construction of water/wastewater systems, schools, transportation/transit (airports, ports), power generation/transmission systems, as well as facilities and equipment used in provided police, fire, and rescue services. Eligible applicants include the State's various departments and divisions and local municipal entities. For further information or to apply, please contact the Bond Programs Manager by e-mail at ibank@ibank.ca.gov or by telephone at 916-341-6600.

Questions:   Diane Waters | dwaters@cde.ca.gov | 916-327-2884
Last Reviewed: Wednesday, May 28, 2025
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