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
Additional information pertaining to the background and mechanics of QECBs can be found HERE.