SECTION 2. INTRODUCTION

Section 1303 of the Energy Tax Incentives Act of 2005, Pub. L. No. 109–58 (the Act), added section 54 to the Code. In general, section 54 authorizes up to $800,000,000 of tax credit bonds to be issued by qualified issuers to finance certain renewable energy projects described in section 45(d) of the Code. Section 54 applies to bonds issued after December 31, 2005, and before January 1, 2008.