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...
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