The treasurer's office says the state will now use only financial vendors that certify they do not contribute to bond election campaigns. Deputy Treasurer of Public Finance Tim Schaefer says the office hopes its actions will persuade local governments to follow suit.

The State of California earned four federal Transportation Investment Generating Economic Recovery (TIGER) grants to improve transportation from the federal government totaling $40 million, Senator Diane Feinstein announced earlier today.

California Governor Jerry Brown told reporters that America's biggest mortgage lenders were "stubborn, unreasonable, and acting like East Coast Bankers". The state will begin supporting a new loan program for household energy improvements.

The Berkeley City Council will give a downtown mixed-use hotel and retail development a $13 million tax break in order to make it feasible. The city would rebate $1.5 million a year for up to eight years, with adjustments for inflation, and would be capped annually at 50 percent of the Transient Occupancy Tax proceeds generated by the hotel.

The State Water Resources Control Board and six other state and federal agencies are urging local leaders to seek grants and loans for projects related to drinking water, wastewater, water quality, water supply, energy and water use efficiency and flood control.

Representatives of California Gov. Jerry Brown and the Obama administration began making their pitch for approval Tuesday to build a pair of massive water tunnels under the Sacramento-San Joaquin River Delta.

Join the CDFA California Financing Roundtable for the fourth annual conference on November 15, 2016. This event will feature a number of economic development finance experts from around the state discussing development finance tools, authorities, resources and approaches, and how these can affect the California economy going forward.

The conference will take place at Los Angeles City Hall, California and is supported by dozens of the state's finest development finance leaders. Register today to reserve your spot at the 2016 CDFA California Financing Roundtable Conference.

CDFA is pleased to announce the release of the Annual Volume Cap Report: An Analysis of 2015 Private Activity Bond & Volume Cap Trends. The report provides complete data of the use of volume cap and the issuance of cap-subject private activity bonds nationwide and is featured in The Bond Buyer. Read the Annual Volume Cap Report and explore CDFA's interactive and searchable National Volume Cap Map.

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