California Consulting is pleased to announce the California Statewide Communities Development Authority: Total Road Improvement Program (TRIP).
California Statewide Communities Development Authority: Total Road Improvement Program (TRIP)
Amount: Varies. Local governments leverage their State Motor Vehicle Fuel Tax to finance road improvement projects.
Eligibility: Local public agencies (cities and counties)
CSCDA offers a pooled securitization program to assist local agencies in bonding against future payments to obtain funding for more projects today. As a pooled public offering, program participants will benefit from reduced issuance costs and better interest rates as compared to stand alone issues. The program does not require a pledge of the local agency’s General Fund.
Please find the Trip Territory Map here.
If you or your entity would like California Consulting to write this application, please contact our Southern California office at (323)728-9002.