Qualified Issuers
(Borrowers)
"A “qualified issuer” is: (1) a clean renewable energy bond lender (as defined in section 54(j)(2)); (2) a cooperative electric company (as defined in section 54(j)(1)); or (3) a governmental body (as defined in section 54(j)(3)). Applications must identify the qualified issuer and must demonstrate that the entity constitutes a qualified issuer within the meaning of section 54(j)(4)."
Perhaps an easier answer to the question, "who can borrow?" is this:
If you can borrow with tax-exempt debt, you can borrow with CREBs. However, your project must qualify as well. [see Qualified Projects] All municipal entities may borrow using CREBs as well as other specific borrowers like electric COOPs and some not-for-profit corporations.
