California Pollution Control Financing Authority
List of Deals
The California Pollution Control Financing Authority issued $13.3 million in bonds on April 1, 1974. Although the CPCFA was a public company backed by the State of California, this bond issue was backed by the Fibreboard Corporation. Thus the bonds were federally and state tax exempt, but the State of California did not guarantee them.
The bonds were issued to fund construction of a facility to control air and water pollution at the San Joaquin pulp and paper mill owned by the Fibreboard Corporation near Antioch, California. The CPCFA issued the bonds to build the facility, which was contracted to be sold to Fibreboard Corporation upon completion under an Installment Sale Agreement.
Note: For more information on the Fibreboard Corporation, please consult its company history.