pose with respect to a qualified school operated 
by an eligible local education agency, 
‘‘(B) the bond is issued by a State or local 
government of an eligible State within the juris-
diction of which such school is located, 
‘‘(C) the issuer— 
‘‘(i) designates such bond for purposes 
of this section, and 
‘‘(ii) certifies that it has the written 
approval of the eligible local education 
agency for such bond issuance, and 
‘‘(D) the term of each bond which is part 
of such issue is 20 years. 
‘‘(2) QUALIFIED SCHOOL.—The term ‘qualified 
school’ means any public school or public school sys-
tem administrative building which is owned by or op-
erated by an eligible local education agency. 
‘‘(3) ELIGIBLE LOCAL EDUCATION AGENCY.— 
The term ‘eligible local education agency’ means any 
local educational agency as defined in section 9101 
of the Elementary and Secondary Education Act of 
1965. 
‘‘(4) ELIGIBLE
STATE.—The term ‘eligible 
State’ means, with respect to any calendar year— 
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‘‘(A) one of the five States with the great-
est percentage population growth for the most 
recent preceding year for which data is avail-
able as determined by the Bureau of the Cen-
sus, and 
‘‘(B) the State with a total percentage 
population growth greater than 9 percent but 
less than 13.9 percent and a total population 
under the age of 19 of less than 300,000 as de-
termined under the 2000 Census. 
‘‘(5) QUALIFIED PURPOSE.—The term ‘quali-
fied purpose’ means, with respect to any qualified 
school, the purchase and installation of renewable 
energy products. 
‘‘(e) LIMITATION
ON AMOUNT
OF BONDS DES-
IGNATED.— 
‘‘(1) NATIONAL LIMITATION.—There is a na-
tional renewable school energy bond limitation for 
each calendar year. Such limitation is $50,000,000 
for 2008, $100,000,000 for 2009, $150,000,000 for 
2010, and, except as provided in paragraph (4), zero 
thereafter. 
‘‘(2) ALLOCATION
OF
LIMITATION.—The na-
tional renewable school energy bond limitation for a 
calendar year shall be allocated by the Secretary— 
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‘‘(A) among the eligible States described in 
subsection (d)(4)(A), 30 percent to the State 
with the greatest percentage population growth, 
20 percent to each of second and third ranked 
States, and 10 percent to each of the fourth 
and fifth ranked States, and 
‘‘(B) to the State described in subsection 
(d)(4)(B), 10 percent. 
The limitation amount allocated to an eligible State 
under the preceding sentence shall be allocated by 
the State education agency to qualified schools with-
in such State. 
‘‘(3) DESIGNATION
SUBJECT
TO
LIMITATION 
AMOUNT.—The maximum aggregate face amount of 
bonds issued during any calendar year which may be 
designated under subsection (d)(1) with respect to 
any qualified school shall not exceed the limitation 
amount allocated to such school under paragraph (2) 
for such calendar year. 
‘‘(4) CARRYOVER OF UNUSED LIMITATION.—If 
for any calendar year— 
‘‘(A) the limitation amount for any eligible 
State, exceeds 
‘‘(B) the amount of bonds issued during 
such year which are designated under sub-
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