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Qualified Energy Conservation Bonds

Request for Applications

 

The Colorado Energy Office (CEO) is now accepting applications for QECB allocations. Colorado state and local governments, colleges and universities, qualifying quasi-governmental organizations, non-profits, and for-profit businesses and individuals are invited to apply for the entirety, or a portion, of the remaining state volume cap of $4,087,922.00 of QECBs. 

 

For this specific round of QECB allocations, all eligible projects in both the public and private sectors will be treated with equal consideration. The CEO expects to award the entire remaining state volume cap, but it should be noted that the CEO reserves the right to not fund any of the applications.

 

 

For application details please see the following materials: 

 

1.  Request for Applications (RFA) found HERE

 

2.  Application found HERE

 

3.  Attachment A (Application Summary) found HERE

 

4.  Appendix 1 (Colorado ARRA Provisions) found HERE


5.  Q&A found HERE

 

 

Please review the attached information and adhere to the following the application guidelines when completing and submitting an application. All application submissions must be received by paul.scharfenberger@state.co.us by 5:00pm on March 15, 2013. 

 


Background

 

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.