Issue Brief 09-20 ARRA Provides New, Expanded Bonding Authority, May 20, 2009
October 27, 2009: CREBs Allocation The Treasury Department announced the allocation of $2.2 billion in Clean Renewable Energy Bonds (CREBs) for 805 recipients across the country. Funded by the Energy Improvement and Extension Act of 2008 and the Recovery Act, these bonds are intended to help government agencies, public power providers, and cooperative electric companies obtain lower-cost financing for clean energy development projects. For more information, see: http://www.treasury.gov/press/releases/tg333.htm
June 12, 2009: $25 Billion Available for Recovery Zone Bonds The Treasury Department has announced the availability of $25 billion for the Recovery Zone Bonds program. The press release and state allocations can be found at: http://www.treas.gov/press/releases/tg168.htm
May 27, 2009: New Markets Tax Credit Treasury Secretary Tim Geithner announced $1.5 billion in New Markets Tax Credit (NMTC) awards for 32 organizations throughout the country. The 32 organizations receiving awards have identified principal service areas covering 33 states, the District of Columbia, and Puerto Rico. The NMTC program, established by Congress in December 2000, permits individual and corporate taxpayers to receive a credit against federal income taxes for making qualified equity investments in investment vehicles known as Community Development Entities (CDEs). The following link lists the organizations selected for awards and additional information on the NMTC program: http://www.cdfifund.gov/
