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Project Acceleration Notes and Credit Enhancement Alternatives

State Treasurer's Office

Funding Amount

Between $0 and $1,000,000

Deadline

Rolling / Open

Grant Type

state

Overview

Project Acceleration Notes and Credit Enhancement Alternatives

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

Categories

Education

Eligible Applicants

Nonprofit; Public Agency

Eligibility

Eligible Applicant Types

NonprofitPublic Agency

How to Apply

Focus Areas & Funding Uses

Fields of Work

charter-schoolseducation

Project Locations

CA

Categories

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