Qualified Energy Conservation Bonds
Background on Qualified Energy Conservation Bonds (QECBs) and Texas' allocation.
What BRB says about QECBs
Congress first authorized Qualified Energy Conservation Bonds (QECBs) in 2008 with a national volume cap of $800 million.
The American Recovery and Reinvestment Act of 2009 (ARRA) raised the cap by $2.4 billion, to a total of $3.2 billion.
Texas was allocated $252,378,000.
The state awarded allocations to large municipalities. Other issuers could apply to the state for any remaining authority.
On December 22, 2017, the President signed the Tax Cuts and Jobs Act into law. Besides lowering tax rates, the Act eliminated advance refundings and tax credit bonds.
Under that Act (Pub. L. 115-97, sec. 13404), no QECBs may be issued after December 31, 2017.
Related pages
Sources
Content from BRB's pages, captured 10/3/2026: BRB: Qualified Energy Conservation Bonds