Project Acceleration Notes and Credit Enhancement Alternatives

About this funding opportunity

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.

Topic areas: Education and Training, Public Policy and Governance.

Funding amount

This other provides Up to $1M in funding, up to $1M per award.

Deadline

Applications are accepted on a rolling basis; there is no single fixed deadline.

Who can apply

This opportunity is open to the following applicant types:

• NGOs
• Public Authorities

Eligibility

Please refer to the Program Regulations, Section 10200.2 "Applicant Eligibility Criteria", and Section 10200.4 "Application Review and Evaluation Criteria" California Only

Agency

Project Acceleration Notes and Credit Enhancement Alternatives is administered by State Treasurer's Office (STO), listed via State Treasurer's Office.