The California State Treasurer's Office manages affairs related to investments, banking, and finance. They preside over and promote the economic aspects of development, housing, health, education, community investments, small businesses, and environment.
The Tax-Exempt Equipment Financing Program by CHFFA is designed to assist health facilities in acquiring necessary equipment without the burden of high financing costs. The program offers tax-exempt fixed rate financing for equipment purchases of $500,000 or more. The goal is to make it easier for health facilities to invest in essential equipment ranging from medical and diagnostic tools to computers and telecommunications equipment. Financing can also cover minor installation costs. The program stipulates that the maturity of the notes should correspond with the useful life of the equipment, ensuring that the financing terms are aligned with the equipment's operational lifespan. Moreover, the program uses a competitive fee structure, including a nominal application fee, a one-time initial fee based on the issuance amount, and an annual administrative fee, making it financially feasible for health facilities to participate.