$450 Million for Water Projects The (IBank) recently issued the largest green municipal bond ever offered in California. The $450 million bond will assist the State Water Resources Control Board in providing low-cost financing for critical water projects throughout California through its Clean Water State Revolving Fund. The previous record issuance was a similar bond issued by the IBank in 2016 for $410 million. With this recent issuance, the total California has topped $2.5 billion in green muni bond issuances since they were first offered in 2014 (see chart below). ![]() ![]() Banktivity calculates percent gain, ROI, IRR and more. 'I've been using iBank [now Banktivity] for nearly a year and I like it better than Quicken in every way.' According to the for the recent bond, 'The purpose of this financing is to enable communities to comply with the State’s regulations and mandates under the Porter-Cologne Act and the federal Clean Water Act, which aims at improving water quality, protecting the environment and public health and making the best use of limited water supplies. The 2017 Bonds will be marketed and sold as Green Bonds to provide the opportunity to investors to invest directly in bonds that support environmentally beneficial projects.' 'The State Water Board will issue the 2017 Bonds as “Green Bonds” since the projects’ meet the standards of the Federal and State Clean Water Acts.' The IBank issue will likely help California reach a record volume of green muni bonds in 2017, breaking the 2016 record of over $1.3 billion in muni bond issuances. Ik multimedia arc microphone reviews. New green bonds are in the works from a variety of state and local agencies for transit, water, green building and other projects.
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