Sec. 7. Application of clean renewable energy bonds to tribes
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Section 54(j) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: The term Indian tribal government has the meaning given such term by section 7701(a)(40) and includes a subdivision of an Indian tribal government (determined in accordance with section 7871(d)), an agency, instrumentality, or subdivision of an Indian tribal government, or an entity established under Federal, State, or tribal law which is wholly owned or controlled by any of the foregoing. .
Section 54(f) of such Code is amended by adding at the end the following: Notwithstanding subsection (m), there is a clean renewable energy bond limitation for Indian tribal governments of $200,000,000 for each of calendar years 2014, 2015, and 2016. The Secretary shall allocate the amount described in subparagraph
(A)among qualified projects in such manner as the Secretary determines appropriate, except that the Secretary may not allocate more than 20 percent of the national clean renewable energy bond limitation to finance any 1 qualified project. . The amendments made by this section shall apply to obligations issued after December 31, 2014.