Treasury OKs $2.2B In Clean Energy Project Bonds

Law360, New York (October 28, 2009, 1:25 PM EDT) -- More than 800 government agencies, public power providers and cooperative electric companies have been allocated a total of $2.2 billion in tax credit bonds as part of the federal economic stimulus plan to help bolster low-cost financing for renewable energy projects, the U.S. Treasury has announced.

In February 2009 Congress passed the American Recovery and Reinvestment Act, which included a wide array of funding and tax incentives to boost clean energy projects. The Treasury on Tuesday gave authority to issue the Clean Renewable Energy Bonds to...
To view the full article, register now.