DOE Memo: Options for State Administration of Qualified Energy Conservation Bonds (QECBs)

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The purpose of this memorandum is to assist states in the administration of qualified energy conservation bonds (QECBs), by increasing understanding of the wide range of options and precedents. As federally-subsidized debt instruments, QECBs provide state and local governments access to very low -cost financing and present a significant opportunity for states to advance clean energy in their jurisdictions.  Unfortunately, a large portion of the $3.2 billion of issuance capacity remains unused, but if a state wishes to increase deployment of QECBs, there are a number of possible administrative actions to consider.