This is a MuniPro demonstration of a redesigned Texas Bond Review Board website. It is not the official BRB site: nothing filed here reaches BRB, and the email addresses shown are BRB's own. The official site is brb.texas.gov.

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. Issuers may 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.

Related pages

Content from BRB's pages, captured 2026-10-03: https://www.brb.texas.gov/qualified-energy-conservation-bonds/