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California Infrastructure and Economic Development Bank



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Infrastructure State Revolving Fund Program

Water improvement project

The Infrastructure State Revolving Fund (ISRF) Program provides financing to public agencies for a wide variety of infrastructure projects. ISRF Program funding is available in amounts ranging from $50,000 to $25,000,000, with loan terms of up to 30 years. Interest rates are set on a monthly basis. Financing applications are continuously accepted.

Eligible Applicants

Eligible applicants include any subdivision of a local government, including cities, counties, redevelopment agencies, special districts, assessment districts, joint powers authorities and non-profit corporations formed on behalf of a local government.

Eligible Project Categories

Eligible project categories include city streets, county highways, state highways, drainage, water supply and flood control, educational facilities, environmental mitigation measures, parks and recreational facilities, port facilities, public transit, sewage collection and treatment, solid waste collection and disposal, water treatment and distribution, defense conversion, public safety facilities, and power and communications facilities.

Amended and Restated Criteria, Priorities and Guidelines (as of October 29, 2013)

Interest Rate Setting Guidelines

Financing Application


Ruben Rojas, Deputy Executive Director
980 9th Street, 9th floor
Sacramento, CA 95814
Telephone: (916) 539-4408
FAX: (916) 322-6314


Marilyn Muñoz, General Counsel
980 9th Street, 9th floor
Sacramento, CA 95814
Telephone: (916) 324-1299
FAX: (916) 322-6314