Page:United States Statutes at Large Volume 118.djvu/1568

 118 STAT. 1538 PUBLIC LAW 108–357—OCT. 22, 2004 ‘‘(II) At least 20 acres. ‘‘(v) USE OF TAX BENEFIT.—The project proposal includes a description of the net benefit of the tax exempt financing provided under this subsection which will be allocated for financing of one or more of the following: ‘‘(I) The purchase, construction, integration, or other use of energy efficiency, renewable energy, and sustainable design features of the project. ‘‘(II) Compliance with certification standards cited under clause (i). ‘‘(III) The purchase, remediation, and founda tion construction and preparation of the brownfields site. ‘‘(vi) PROHIBITED FACILITIES.—An issue shall not be treated as an issue described in subsection (a)(14) if any proceeds of such issue are used to provide any facility the principal business of which is the sale of food or alcoholic beverages for consumption on the premises. ‘‘(vii) EMPLOYMENT.—The project is projected to provide permanent employment of at least 1,500 full time equivalents (150 full time equivalents in rural States) when completed and construction employment of at least 1,000 full time equivalents (100 full time equivalents in rural States). The application shall include an independent analysis which describes the project’s economic impact, including the amount of projected employment. ‘‘(B) PROJECT DESCRIPTION.—Each application described in subparagraph (A) shall contain for each project a description of— ‘‘(i) the amount of electric consumption reduced as compared to conventional construction, ‘‘(ii) the amount of sulfur dioxide daily emissions reduced compared to coal generation, ‘‘(iii) the amount of the gross installed capacity of the project’s solar photovoltaic capacity measured in megawatts, and ‘‘(iv) the amount, in megawatts, of the project’s fuel cell energy generation. ‘‘(5) CERTIFICATION OF USE OF TAX BENEFIT.—No later than 30 days after the completion of the project, each project must certify to the Secretary that the net benefit of the tax exempt financing was used for the purposes described in paragraph (4). ‘‘(6) DEFINITIONS.—For purposes of this subsection— ‘‘(A) RURAL STATE.—The term ‘rural State’ means any State which has— ‘‘(i) a population of less than 4,500,000 according to the 2000 census, ‘‘(ii) a population density of less than 150 people per square mile according to the 2000 census, and ‘‘(iii) increased in population by less than half the rate of the national increase between the 1990 and 2000 censuses. Deadline.

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