### Question
Can you define what qualified forestry conservation bond means?


### Answer
**Qualified forestry conservation bond** is defined as the following in *26 U.S.C. § 54B*:

> any bond issued as part of an issue if—



(1) 100 percent of the available project proceeds of such issue are to be used for one or more qualified forestry conservation purposes,



(2) the bond is issued by a qualified issuer, and



(3) the issuer designates such bond for purposes of this section

#### Citation:
  - *26 U.S.C. § 54B*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter A-Determination of Tax Liability > PART IV-CREDITS AGAINST TAX > Subpart I-Qualified Tax Credit Bonds**

