S.3438 - Clean Transmission for Rural Communities Act of 2010111th Congress (2009-2010)
Summary: S.3438 — 111th Congress (2009-2010)
Introduced in Senate (05/27/2010)
Clean Transmission for Rural Communities Act of 2010 - Amends the Internal Revenue Code to allow: (1) the issuance of clean renewable energy bonds to interconnect energy facilities to high-voltage transmission lines; and (2) the issuance of tax-exempt facility bonds to finance a qualified electric transmission facility. Defines "qualified electric transmission facility" as a state-owned electric transmission facility which operates primarily to interconnect one or more renewable energy facilities to a high-voltage transmission line.