I 
111TH CONGRESS 
2D SESSION 
H. R. 6117 
To amend the Internal Revenue Code of 1986 to repeal the limitation on 
the issuance of new clean renewable energy bonds and to terminate 
eligibility of governmental bodies to issue such bonds, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
SEPTEMBER 14, 2010 
Mr. MCDERMOTT (for himself, Mr. BLUMENAUER, Mr. POMEROY, and Ms. 
LINDA T. SA´NCHEZ of California) introduced the following bill; which was 
referred to the Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to repeal 
the limitation on the issuance of new clean renewable 
energy bonds and to terminate eligibility of governmental 
bodies to issue such bonds, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Clean Renewable En-
ergy Investment Act of 2010’’. 
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SEC. 2. NEW CLEAN ENERGY RENEWABLE BONDS. 
(a) REPEAL OF LIMITATION ON AMOUNT OF BONDS 
DESIGNATED.—Section 54C of the Internal Revenue Code 
of 1986 is amended by striking subsection (c). 
(b) TERMINATION.—Subsection (a) of section 54C of 
such Code is amended by striking ‘‘and’’ at the end of 
paragraph (2), by striking the period at the end of para-
graph (3), and by adding at the end the following new 
paragraph: 
‘‘(4) such bond is issued before January 1, 
2014.’’. 
(c) RULES RELATING TO EXPENDITURES.— 
(1) IN
GENERAL.—Paragraph (1) of section 
54C(a) of such Code is amended by inserting ‘‘and 
meet the requirements of subsection (c)’’ before the 
comma at the end. 
(2) REQUIREMENTS.—Section 54C of such 
Code (as amended by subsection (a) of this section) 
is amended by inserting after subsection (b) the fol-
lowing new subsection: 
‘‘(c) RULES RELATING
TO EXPENDITURES.—An 
issue shall be treated as meeting the requirements of this 
subsection if, as of the date of issuance of such issue, the 
issuer reasonably expects— 
‘‘(1) 95 percent or more of the available project 
proceeds to be spent for 1 or more purposes speci-
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fied in subsection (a)(1) within the 3-year period be-
ginning on such date of issuance, and 
‘‘(2) a binding commitment with a third party 
to spend at least 10 percent of such available project 
proceeds will be incurred within the 6-month period 
beginning on such date of issuance.’’. 
(d) GOVERNMENTAL BODIES NOT ELIGIBLE.—Sec-
tion 54C of such Code, as amended by the preceding provi-
sions of this section, is amended— 
(1) in subsection (a) by striking ‘‘governmental 
bodies, public power providers, or cooperative electric 
companies’’ and inserting ‘‘public power providers, 
tribal utilities, or cooperative electric companies’’, 
(2) in subsection (d)(1) by striking ‘‘public 
power provider, a governmental body, or a coopera-
tive electric company’’ and inserting ‘‘public power 
provider, a tribal utility, or a cooperative electric 
company’’, 
(3) in subsection (d) by striking paragraph (3) 
and redesignating paragraphs (4), (5), and (6) as 
paragraphs (3), (4), and (5), respectively, and 
(4) in subsection (d)(6), by striking ‘‘a govern-
mental body,’’. 
(e) TRIBAL UTILITIES ELIGIBLE
AS QUALIFIED 
ISSUER.— 
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