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Qualified Energy Conservation Bonds

Qualified Energy Conservation Bonds (QECBs) are a federally subsidized debt instrument that can be used to finance a wide array of energy related applications, such as the following:

 

»   Implementing green community programs,

»   Grants to support research in emerging energy technologies,

»   Rail and bus facilities,

»   Public education programs,

»   Renewable energy facilities, &

»   Demonstration projects for emerging energy technologies

 

HERE is a comprehensive outline of various QECB project eligibility requirements produced by the National Association of Bond Lawyers (NABL).

 

Qualified Energy Conservation Bonds (QECBs) were first authorized by the United States Congress in October 2008. The 2009 American Recovery and Reinvestment Act (ARRA) expanded the nation’s allowable bond volume to $3.21B. The maximum face amount of bonds (volume cap allocation) was determined in proportion to the population of the states. For Colorado, this allocation was $51.244M

 


 

Request For Applications: Qualified Energy Conservation Bonds (QECBs)

 

The Colorado Energy Office (CEO) is now accepting applications for projects for public and private uses of Qualified Energy Conservation Bonds (QECBs). 

 

The CEO expects to award a maximum of $1,878,831 (the remaining state volume cap) in QECB allocations statewide; however, it should be noted that the CEO reserves the right to not fund any of the applications.

 

 

All RFA submissions must be received through paul.scharfenberger@state.co.us by 5:00 p.m. on April 3, 2015.