Skip to main content

CA.gov

Official website of the State of California

The Treasurer
- The Treasurer
- Biography
- Senior Staff Biographies
- Treasurer Fiona Ma's Official State Portraits
- Responsibilities and Functions
- Boards and Commissions Directory
- Policy and Initiatives
  - Policy and Initiatives
  - 6 Housing and Economic Development Goals
  - Core Priniciples
Our Programs
- Our Programs
- Investment Programs
  - Investment Programs
  - Local Agency Investment Fund
  - Pooled Money Investment Account
  - Time Deposit Program
- Finance & Development Authorities
- Financial Security for All (FSFA)
  - Financial Security for All (FSFA)
  - California Achieving a Better Life Experience
  - CalKIDS
  - CalSavers Retirement Savings Program
  - ScholarShare 529 College Savings Plan
  - The California Hope, Opportunity, Perseverance, and Empowerment (HOPE) for Children Trust Account Program
Divisions
Boards & Authorities
- Boards & Authorities
- Financing Authorities
- Allocation and Advisory Committees
  - Allocation and Advisory Committees
  - CA Debt & Investment Advisory Commission (CDIAC)
  - California Debt Limit Allocation Committee (CDLAC)
  - California Tax Credit Allocation Committee (CTCAC)
- Investment and Savings Boards
- Other Commissions
  - Other Commissions
  - CalAccount Blue Ribbon Commission (CBRC)
Bonds
Transparency
- Transparency
- News
- Events
- Open Government/Public Records
- Forms
- Publications
- Fact Sheets
  - Fact Sheets
  - CalSavers Fact Sheet
  - Helping Communities Rebuild After the Wildfires Fact Sheet

Search

Search

Executive Office

Ask the Treasurer

Dear Fiona,

I am the president of a private nonprofit university in California. We are exploring the idea of remodeling a couple of our buildings and are looking into our options for financing such a project. I’m interested in learning more about your Bond Financing Program for post-secondary institutions. Specifically, what are the benefits of entering into a bond transaction with the Treasurer’s Office?

Jason

Dear Jason,

The California Educational Facilities Authority (CEFA) Bond Financing Program provides affordable, tax-exempt bonds to qualified nonprofit higher education institutions that wish to buy or refinance property and equipment, or build and improve campus facilities. There are many benefits of doing business with CEFA. Bond transactions can close in less than two months from the application submission. CEFA offers competitive application and issuance fees. And CEFA also requires only a single TEFRA (Tax Equity and Fiscal Responsibility Act) hearing.

For more information regarding the Bond Financing Program, please visit https://website-qa.treasurer.ca.gov/cefa/bond. If you have further questions, you may contact CEFA at (916) 653-2872 or send an email to CEFA@treasurer.ca.gov.

Sincerely,
Fiona

Have a Question for the Treasurer?

Person Writing a Letter

Readers:
Send your questions for California State Treasurer Fiona Ma via email to: AskFiona@treasurer.ca.gov

Address letters to:
California State Treasurer Fiona Ma, Post Office Box 942809, Sacramento, CA 94209-0001

Share on

Add new comment

Your name

Subject

Comment

About text formats

Securing California’s financial future through responsible stewardship, transparent governance, and inclusive economic opportunities for all communities.

X LinkedIn Facebook YouTube Instagram

Previous Administrations
California State Controller’s Office
California Department of Finance
California Government Homepage

FI$Cal Project
National Association of State Treasurers
Financial Literacy Education
Resource List for Small Businesses

Home
Careers
Contact Us
Comments
Accessibility
Privacy Notice
Site Map