Commonwealth Financing Authority (CFA)
CFA Application and Approval Schedule
The Commonwealth Financing Authority (CFA) was established in 2004 as an independent agency of the Department of Community and Economic Development (DCED) to administer Pennsylvania's economic stimulus packages. The CFA holds fiduciary responsibility over the funding of programs and investments in Pennsylvania's economic growth. Unique among state agencies in structure and scope, the CFA consists of seven Board members: four legislative appointees and the secretaries of DCED, the Office of the Budget and Department of Banking. Project approval requires five affirmative votes, four of which must come from legislative appointees.