### Question
How is the term clean renewable energy bond lender defined?


### Answer
The term **clean renewable energy bond lender** is defined in *26 U.S.C. § 54* as the following:

> a lender which is a cooperative which is owned by, or has outstanding loans to, 100 or more cooperative electric companies and is in existence on February 1, 2002, and shall include any affiliated entity which is controlled by such lender

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

