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The California Pollution Control Financing Authority (CPCFA) administers programs which encourage capital investment in projects advancing California's environmental, economic, and climate policy goals.
CPCFA was established within the State Treasurer’s Office in 1972 and began operating March 7, 1973. Our original name references the tax-exempt bond financing we issued for industrial projects reducing air and water pollution.
Effective January 1, 2026, our name will be Capital Programs & Climate Financing Authority. The new name represents the breadth of our work supporting California’s transition to a cleaner, more resilient economy.
