TREASURY DEPARTMENT GUIDANCE REGARDING CASH GRANT / "BEGIN CONSTRUCTION" REQUIREMENT

Prepared by Stoel Rives Carl Lewis, Greg Jenner, Kevin Pearson, Adam Kobos June 25, 2010 The U.S. Treasury Department today released on its website additional guidance regarding the "begin construction" requirement for qualifying for the 30% ARRA cash grant. To qualify for the grant, a project either must be placed in service in 2009 or 2010 or, if construction begins on or before December 31, 2010, must be placed in service by a specified credit termination date...