FINANCIAL_SERVICESAPPROVED

California Infrastructure and Economic Development Bank (IBank) | State of California Awards Financial Services Contract to California State Water Resources Control Board (September 2026)

The California Infrastructure and Economic Development Bank approved up to $25 million in short-term financing for the California State Water Resources Control Board. The 60-day financing will provide $10 million to the Clean Water State Revolving Fund and $15 million to the Drinking Water State Revolving Fund, with a 3.64% annual interest rate and $50,000 in fees.

Document date · September 23, 2026

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Scope & details

The full contract record, as filed.

Contract amount
$25,000,000 total; $10,000,000 for the Clean Water State Revolving Fund and $15,000,000 for the Drinking Water State Revolving Fund; $50,000 fees; annual interest rate of 3.64%
Contract type
FINANCIAL_SERVICES
Contract term
60-day term from September 23, 2026, with no prepayment penalty
Renewal date
2026-11-22
Renewal
No renewal or extension option stated; 60-day financing with no prepayment penalty.
Document type
Resolution
Source document
California Infrastructure and Economic Development Bank Resolution 26-14 Short-Term Financing Approval 2026-09-23

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Infrastructure and Economic Development Bank (IBank) | State of California?

California State Water Resources Control Board was awarded this financial services contract by California Infrastructure and Economic Development Bank (IBank) | State of California, as recorded on September 23, 2026. The contract value is $25,000,000 total; $10,000,000 for the Clean Water State Revolving Fund and $15,000,000 for the Drinking Water State Revolving Fund; $50,000 fees; annual interest rate of 3.64%.

How much is the California State Water Resources Control Board contract with California Infrastructure and Economic Development Bank (IBank) | State of California worth?

The California State Water Resources Control Board contract with California Infrastructure and Economic Development Bank (IBank) | State of California is valued at $25,000,000 total; $10,000,000 for the Clean Water State Revolving Fund and $15,000,000 for the Drinking Water State Revolving Fund; $50,000 fees; annual interest rate of 3.64%, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in California Infrastructure and Economic Development Bank Resolution 26-14 Short-Term Financing Approval 2026-09-23 (Resolution), dated September 23, 2026 from California Infrastructure and Economic Development Bank (IBank) | State of California. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does California State Water Resources Control Board hold?

California State Water Resources Control Board may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View California State Water Resources Control Board's profile

What is California Infrastructure and Economic Development Bank (IBank) | State of California currently buying?

Explore California Infrastructure and Economic Development Bank (IBank) | State of California's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View California Infrastructure and Economic Development Bank (IBank) | State of California's profile