Wednesday, September 9, 2015

Treasurer Chiang Highlights Environmental Project Financial Support

In his latest monthly newsletter, California Treasurer John Chiang highlighted two recent actions to provide support to environmentally related projects and two actions to support economic development.

Excerpt from Treasurer Chiang September 2015 newsletter Source here

Three of the four projects will receive an exclusion from state sales tax for manufacturing equipment from the California Alternative Energy and Advanced Transportation Financing Authority.  CE Obsidian Energy LLC will receive over $14 million in a benefit for equipment related to the processing of geothermal brine at a facility in Imperial County (staff report here).  The other two sales tax exclusions are for advanced manufacturing at aerospace related companies.

The California Pollution Control Financing Authority gave initial approval for a tax-exempt bond of over $12 million for a manure-related anaerobic digestion project in Madera County (staff report here).