OAQDA administers the Qualified Energy Conservation Bonds (QECB) program in Ohio. QECBs have been used by local governments and public universities to finance the installation of energy conserving equipment in publicly owned buildings. Under a QECB financing package, OAQDA authorizes Air Quality Development Bonds for issuance as a Series A federally tax-exempt bond and a Series B Qualified Energy Conservation Bond (QECB) federal tax-credit bond. Combining funding from the two separate sources results in a lower, "blended" interest rate for the participating entity.
So far local officials in Pickaway, Hamilton and Licking Counties; the Cities of South Euclid and Findlay; and at Kent State University and Owens Community College, have received QECB financing from OAQDA for a variety of energy saving projects, from dormitories to animal shelters, and from municipal facilities to county courthouses.
|
