CPCFA Fees Schedule CDLAC Application Frequently Asked Questions

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Home ->> CPCFA ->> Tax-Exempt Bond Financing Program ->> Fee Schedule

California Pollution Control Financing Authority

Bond Financing Fee Schedule

California Pollution Control Financing Authority (CPCFA)

  • Application Fee: .0005 (1/20 of 1%) of total application amount, not to exceed $5000. Payable with initial application. The application fee is deducted from the administrative fee.
  • Administrative Fees:
    • Volume Cap Allocation eligible projects: .002 (2/10 of 1%) of total amount of bonds issued.
    • Non-Volume Cap Allocation eligible projects: .001 (1/10 of 1%) of the face value of the bonds issued, and then an annual fee of .0005 (5/100 of 1%) of the outstanding balance yearly (minimum annual fee of $1,000 and a maximum annual fee of $75,000). The initial fee of .001 (1/10 of 1%) would be waived for small businesses, as defined in Title 4, Division 11, Section 8020. Payable upon closing by large businesses only.
  • Small Business Assistance Fund (SBAF) Fee: Up to .0066 (66/100 of 1%) of total amount of tax-exempt bonds issued; .003 (3/10 of 1%) of total amount of taxable bonds issued, then .0036 (36/100 of 1%) upon conversion of taxable bonds to tax-exempt. Payable upon closing by large businesses only.
  • Refunding Fees:
    • Application Fee: .0005 (1/20 of 1%) of total application amount, not to exceed $5000. Payable with initial application. The application fee is deducted from the administrative fee.
    • Administrative Fee: .002 (2/10 of 1%) of total amount of bonds issued. For applications received after July 1, 2016, where the financing requested by a small business applicant is a refunding of a prior sale of bonds previously issued by the Authority and the refunding is included as part of an application which also requests new financing that is greater than the amount refunded by the small business applicant for a new proposed project, the Authority shall have the discretion to charge the small business applicant the Authority’s reasonable and necessary expenses allocable to the refunding request in lieu of the standard refunding administrative fee.
    • SBAF Fee: Recalculated to determine if additional fees are owed based on the formula for new bond issues – large businesses only.
    • Issuer’s Counsel Costs: The Company will reimburse CPCFA for Issuer’s Counsel costs upon closing (CPCFA will absorb the first $5,000 of this cost from the Administrative fee paid by large businesses only).
    • SBAF Subsidy: Small businesses will not be eligible for further SBAF subsidies on a refunding.
    • Memorandum Regarding Reimbursement for Out-of-Pocket costs from Withdrawn/Cancelled Final Resolution Applications

California Debt Limit Allocation Committee (CDLAC)

  • CDLAC Initial Filing Fee: $1,200 payable upon application receipt.
  • CDLAC Closing Fee: .00035 (35/1000 of 1%) of the total amount of bonds allocated. Payable upon closing. CDLAC bills the company/underwriter after CPCFA submits the “Report of Action Taken” to CDLAC.
  • Performance Deposit: .005 (1/2 of 1%) of the total application amount (not to exceed $100,000) to be held in an escrow account with the provision that funds be released only by CPCFA. After closing, CPCFA releases the deposit to the company.

California Debt and Investment Advisory Commission (CDIAC)

  • The fee is to be equal to 2.5 (.00025) basis points not to exceed five thousand dollars ($5,000).
  • Payable upon closing. CDIAC bills the company/underwriter after bond counsel submits the “Report of Debt Issuance” to CDIAC.

State Treasurer’s Office, Public Finance Division (PFD)

Agent for Sale Fee

PAR ValueTemplate Documents & Variable Rate TransactionsAll Other Transaction Types
$5,000,000 or less$3,000$4,000
$5,000,000 – 40,000,000$4,000$6,000
$40,000,001 – 100,000,000$6,000$8,000
Over $100,000,000$8,000$10,000

*CPCFA recommends contacting PFD, CDLAC & CDIAC directly to confirm current fee levels.

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Home ->> CDLAC ->> Applications Q&A

California Debt Limit Allocation Committee

On-Line Application Frequently Asked Questions

Passwords

  • What are the rules for creating a password?

Granting Access

  • To whom may an Applicant grant Access?
  • How does an Applicant grant access to a Project Sponsor/Developer to complete application?
  • May access to an application be granted to multiple users?
  • May an Applicant grant access to an application to third-parties who are not developers or sponsors (e.g.: bond counsel, market study analysts, consultants, etc.)?

Adding Firms

  • How do you add a firm not listed in the drop-down boxes?

Uploading Attachments

  • How do you upload attachments?

Saving Information

  • What is the difference between the save button and the “click if complete” check box?

Application Submittal

  • Is submittal of a hard-copy Application signature page with wet signatures required?
  • How are the filing fees to be submitted to the California Debt Limit Allocation Committee (CDLAC)?

Printing an on-line application

  • Is it possible to print a copy of an on-line application prior to submittal?
  • How do you print a copy of an on-line application prior to submittal?

Copying an on-line application

  • How do you copy data from an existing application to a new application?

Application assistance resources

  • Is CDLAC’s September 24, 2014 on-line application webinar available for viewing?

What are the rules for creating a password?

Applicant & User passwords:

  • are case sensitive;
  • must be a minimum of 7 characters in length; and
  • must have at least 1 non-alphanumeric character. (e.g. ()[]!?,.-=+*%)

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To whom may an Applicant grant Access?

Currently, access can only be granted to the Project Sponsor or Developer.

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How does an Applicant grant access to a Project Sponsor/Developer to complete application?

Do the following:

  • Applicant creates Project Sponsor/Developer User Account;
  • Applicant completes email -> System sends email (with link to retrieve password) to Project Sponsor/Developer user with Username & Registration Code;
  • System retrieves password after identifying Web User Account and sends password via email to Sponsor/Developer.

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May access to an application be granted to multiple users?

Yes, an Applicant may assign as many developer or project sponsor users as desired to an
application.

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May an Applicant grant access to an application to third-parties who are not developers or sponsors (e.g.: bond counsel, market study analysts, consultants, etc.)?

The system currently lacks the capability to specifically assign access to third-parties who are not developers or sponsors. However, an Applicant may grant access to such third-parties via the developer/sponsor access function. Please note: An Applicant should not share its ID and password with parties outside of its organization. Doing so would allow the user to view all applications in the Applicant’s queue.

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How do you add a firm not listed in the drop-down boxes?

Do the following:
EXAMPLE: Adding a new Bond Counsel Firm

  • “Application Details” -> Online Forms -> Part I
  • Click drop down box for the Bond Counsel Firm -> select “***NEW Bond Counsel Firm***”
  • Complete all other firm information for all other team members
  • Click “Save”
  • Click on “Bond Counsel Firm” link
  • Complete all information
  • Click “Save”
  • Message will appear in red at the bottom saying “Bond Counsel Firm Information: Updated Successfully”
  • Click “Next”
  • The name of the new bond counsel firm should now appear under the Financing Team Information
  • Click “Save”
  • Click check box asking “Check if Part I is Complete”.  If information is required, it will appear in red and will have to be completed.

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How do you upload attachments?

Do the following:

  • IMPORTANT: All Attachments should be submitted in PDF format only.
  • Click on the attachment icon icon next to the specific Attachment (i.e. “Attachment D”), an instruction box will appear with a “Browse” button
  • Click on the “Browse” button
  • Choose the Attachment from your browser, name the attachment (i.e. D, D-1; D-2, etc., whichever is applicable).
  • Click the “Upload File” button, then
  • Click the “Add Attachment” button, then
  • Click the “Save” button.  (VERY IMPORTANT STEP)

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What is the difference between the save button and the “click if complete” check box?

“Click if complete” should be clicked after you have completed a section. After clicking, the system will inform you if you missed any mandatory fields. The “Save” button simply saves any information you have input.

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Is submittal of a hard-copy Application signature page with wet signatures required?

No. Signature pages are uploaded attachments.

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How are the filing fees to be submitted to CDLAC?

The fees must be mailed to CDLAC. The initial $1,200 filing fee must be submitted to CDLAC by the application deadline. The filing fee and final fee are the only hard-copy documents that will be submitted to CDLAC. CDLAC does not have the ability to accept electronic fee payments.

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Is it possible to print a copy of an on-line application prior to submittal?

Yes

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How do you print a copy of an on-line application prior to submittal?

Do the following:

  • Click on "All Applications"
  • Select the application that you want to request from your application queue
  • You will see a "Request Application" box
  • Click on the "Select Email Address" drop-down
  • Select "Enter Another Email Address"
  • Type in your email address
  • Click "Request Application" button
  • A note will appear stating "A copy of the application has been sent to the email address you specified."
  • The copy of the application sent to you via email may be printed

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How do you copy data from an existing application to a new application?

Do the following:

  • IMPORTANT NOTE: You cannot copy an application that is in "OPEN" status. You can only copy applications in a status of "SUBMITTED" or "ACCEPTED". Attachments will not copy over to the New Application. Application attachments must be uploaded again using the normal Attachment Upload process.
  • Click on "All Applications"
  • Select the application that you want to copy from your application queue
  • Click on "Copy Application" button
  • A new application will be generated that includes data from the former application.

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Is CDLAC’s September 24, 2014 on-line application webinar available for viewing?

No. Unfortunately, the State Treasurer’s Office does not have the capacity to store the Webinar on the CDLAC website and CDLAC is also unable to e-mail the Webinar due to size constraints. CDLAC is working with the Information Technology Department to determine if we will be able to save the webinar on a CD or some other storage device for sharing and/or distribution. A copy of the August 2014 on-line application PowerPoint presentation is available on the CDLAC website. Additionally, questions and technical issues may be directed to CDLAC staff via e-mail or by calling CDLAC’s main telephone line: 916-653-3255

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Home | Comments | Disclosure Notice | Privacy Notice | Accessibility Statement | Unclaimed Property | Site Map | Download Adobe Reader
© 2018 California State Treasurer’s Office
Skip to Main Content
California State Treasurer
California State Treasurer
Home |
Open Government |
Careers |
Contact
  • Home
  • CPCFA Home
  • Contacts
  • Publications and Annual Reports

Home ->> CPCFA ->> Tax-Exempt Bond Financing Program ->> Fee Schedule

California Pollution Control Financing Authority

Bond Financing Fee Schedule

California Pollution Control Financing Authority (CPCFA)

  • Application Fee: .0005 (1/20 of 1%) of total application amount, not to exceed $5000. Payable with initial application. The application fee is deducted from the administrative fee.
  • Administrative Fees:
    • Volume Cap Allocation eligible projects: .002 (2/10 of 1%) of total amount of bonds issued.
    • Non-Volume Cap Allocation eligible projects: .001 (1/10 of 1%) of the face value of the bonds issued, and then an annual fee of .0005 (5/100 of 1%) of the outstanding balance yearly (minimum annual fee of $1,000 and a maximum annual fee of $75,000). The initial fee of .001 (1/10 of 1%) would be waived for small businesses, as defined in Title 4, Division 11, Section 8020. Payable upon closing by large businesses only.
  • Small Business Assistance Fund (SBAF) Fee: Up to .0066 (66/100 of 1%) of total amount of tax-exempt bonds issued; .003 (3/10 of 1%) of total amount of taxable bonds issued, then .0036 (36/100 of 1%) upon conversion of taxable bonds to tax-exempt. Payable upon closing by large businesses only.
  • Refunding Fees:
    • Application Fee: .0005 (1/20 of 1%) of total application amount, not to exceed $5000. Payable with initial application. The application fee is deducted from the administrative fee.
    • Administrative Fee: .002 (2/10 of 1%) of total amount of bonds issued. For applications received after July 1, 2016, where the financing requested by a small business applicant is a refunding of a prior sale of bonds previously issued by the Authority and the refunding is included as part of an application which also requests new financing that is greater than the amount refunded by the small business applicant for a new proposed project, the Authority shall have the discretion to charge the small business applicant the Authority’s reasonable and necessary expenses allocable to the refunding request in lieu of the standard refunding administrative fee.
    • SBAF Fee: Recalculated to determine if additional fees are owed based on the formula for new bond issues – large businesses only.
    • Issuer’s Counsel Costs: The Company will reimburse CPCFA for Issuer’s Counsel costs upon closing (CPCFA will absorb the first $5,000 of this cost from the Administrative fee paid by large businesses only).
    • SBAF Subsidy: Small businesses will not be eligible for further SBAF subsidies on a refunding.
    • Memorandum Regarding Reimbursement for Out-of-Pocket costs from Withdrawn/Cancelled Final Resolution Applications

California Debt Limit Allocation Committee (CDLAC)

  • CDLAC Initial Filing Fee: $1,200 payable upon application receipt.
  • CDLAC Closing Fee: .00035 (35/1000 of 1%) of the total amount of bonds allocated. Payable upon closing. CDLAC bills the company/underwriter after CPCFA submits the “Report of Action Taken” to CDLAC.
  • Performance Deposit: .005 (1/2 of 1%) of the total application amount (not to exceed $100,000) to be held in an escrow account with the provision that funds be released only by CPCFA. After closing, CPCFA releases the deposit to the company.

California Debt and Investment Advisory Commission (CDIAC)

  • The fee is to be equal to 2.5 (.00025) basis points not to exceed five thousand dollars ($5,000).
  • Payable upon closing. CDIAC bills the company/underwriter after bond counsel submits the “Report of Debt Issuance” to CDIAC.

State Treasurer’s Office, Public Finance Division (PFD)

Agent for Sale Fee

PAR ValueTemplate Documents & Variable Rate TransactionsAll Other Transaction Types
$5,000,000 or less$3,000$4,000
$5,000,000 – 40,000,000$4,000$6,000
$40,000,001 – 100,000,000$6,000$8,000
Over $100,000,000$8,000$10,000

*CPCFA recommends contacting PFD, CDLAC & CDIAC directly to confirm current fee levels.

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