IRS INVITES APPLICATIONS FOR RENEWABLE ENERGY BONDS>

Thursday, March 15, 2007 - 7:00am

The Internal Revenue Service (IRS) in a notice today invited applications for the allocation of the available clean renewable energy bond (CREB) national limitation under Internal Revenue Code (IRC) Section 54. Notice 2007-26 also provides other guidance with respect to the issuance and post-issuance compliance of CREBs. The notice will be published in Internal Revenue Bulletin 2007-14, dated April 2, 2007.