Project Acceleration Notes and Credit Enhancement Alternatives

Q: When is the deadline for Project Acceleration Notes and Credit Enhancement Alternatives?

This grant has a rolling deadline or the deadline has not been announced.

Q: Who is eligible for Project Acceleration Notes and Credit Enhancement Alternatives?

Eligible applicants: Nonprofits; Public agencies. Geography: California.

State Treasurer's Office

State Grants for Charter Schools Grants for Education

Funding Amount

Between $0 and $1,000,000

Deadline

Rolling / Open

Grant Type

State

Can we apply?

Check your organization against each line. Taken from the listing; confirm with the funder's guidelines.

Eligible organizations

Nonprofits
Public agencies
Nonprofit; Public Agency

Geography

California

Overview

Designed to help provide credit enhancement to facilitate the financing of the purchase, construction, and/or renovation of facilities for California public Charter Schools. Funds awarded under the Program will be used in conjunction with funding provided through the Charter School Facilities Program (CSFP) or the Authority’s Conduit Financing Program (Non-CSFP).

The Project Acceleration Notes and Credit Enhancement Alternatives (PANACEA) Program supports short-term interim financing to charter schools that have received a reservation of funds through the Charter School Facilities Program or are awaiting the issuance of long-term debt through the Authority’s Conduit Bond and Note Financing Program.

Details

Agency: State Treasurer's Office
Type: Loan
Funding Source: Federal
Estimated Available Funds: $8,000,000
Estimated Awards: Dependant on number of submissions received, application process, etc.
Award Amount: Between $0 and $1,000,000
Funding Method: Advance(s)
Matching Funds: Not Required
Geography: California Only