WASHINGTON - The Internal Revenue Service announced Friday that it has awarded the second round of clean renewable energy bond allocations to municipal and nonprofit utilities, allowing state and local governments and electric cooperatives to issue $406 million of taxable tax-credit bonds for 312 renewable energy projects.

State and local governments, which requested $782 million for 367 projects, will receive $263 million for 286 projects in 28 states under the CREB program.

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