Financing Committee Call

November 23, 2015, 2:00 - 3:30 PM ET

This summer, the Internal Revenue Service (IRS) updated its “Frequently Asked Questions on Qualified Tax Bonds and Specified Tax Credit Bonds” to address the reallocation of unused Qualified Energy Conservation Bond (QECB) allocations from large local governments (LLGs) back to the state level.  NASEO hosted a Financing Committee call on Monday, November 23, 2015 to discuss this update and actions interested states can take to access unused LLG allocations for use by the state or to reallocate for qualified energy projects.

Agenda and Presentation:

1 - Opening and Introductions

  • Sandy Fazeli, Senior Program Director, NASEO

2 - QECB Status Update and the Waiver Process - PRESENTATION

  • Elizabeth Bellis, Director of Financing Programs, Energy Programs Consortium
  • Susan Rosenthal, Research and Legal Analyst, Energy Programs Consortium
  • John Cross, Associate Tax Legislative Counsel, Office of Tax Policy, U.S. Treasury Department

3 - State Actions and Examples

  • Jeff Pitkin, Treasurer, NYSERDA
  • Noah Shaw, General Counsel and Secretary, NYSERDA
  • Al Christopher, Director, Energy Division, Virginia Department of Mines, Minerals, and Energy

4 - Question and Answer/Discussion

Additional Resources


States: Alabama, Arkansas, Florida, Idaho, Iowa, Louisiana, Massachusetts, Michigan, Minnesota, Missouri, Nebraska, New Hampshire, New York, Oregon, Pennsylvania, Tennessee, Texas, Virginia, West Virginia, 

Affiliates: Cadmus

Other Attendees: Coalition for Green Capital, Energy Programs Consortium, U.S. Department of the Treasury, White House Council on Environmental Quality