SECTION 1. PURPOSE

This notice provides guidance with respect to facilities that may be financed with the proceeds of clean renewable energy bonds under § 54(a) of the Internal Revenue Code (the Code). In addition, this notice provides guidance with respect to the entities that may own facilities financed with the proceeds of clean renewable energy bonds and the entities that may issue clean renewable energy bonds. This notice supplements Notice 2005–98, 2005–52 I.R.B. 1211, which was published on December 27, 2005.