6433. . (b) Credit for qualified clean energy bonds allowed to issuer Subchapter B of chapter 65 of subtitle F is amended by adding at the end the following new section: 6433. Credit for qualified clean energy bonds allowed to issuer (a) In general The issuer of a qualified clean energy bond shall be allowed a credit with respect to each interest payment under such bond which shall be payable by the Secretary as provided in subsection (b). (b) Payment of credit (1) In general The Secretary shall pay (contemporaneously with each interest payment date under such bond) to the issuer of such bond (or to any person who makes such interest payments on behalf of the issuer) the applicable percentage (as determined under subsection (b) of section 54BB) of the interest payable under such bond on such date. (2) Interest payment date For purposes of this subsection, the term interest payment date means each date on which interest is payable by the issuer under the terms of the bond. (c) Application of arbitrage rules For purposes of section 148, the yield on a qualified clean energy bond shall be reduced by the credit allowed under this section. (d) Qualified clean energy bond For purposes of this section, the term qualified clean energy bond means a clean energy bond (as defined in section 54BB(d)) issued as part of an issue if the issuer, in lieu of any credit allowed under section 54BB(a) with respect to such bond, makes an irrevocable election to have this section apply. . (c) Conforming amendments (1) The table of sections for subpart J of part IV of subchapter A of chapter 1 is amended by adding at the end the following new item: Sec. 54BB. Clean energy bonds. . (2) The heading of such subpart (and the item relating to such subpart in the table of subparts for part IV of subchapter A of chapter 1) are each amended by striking Build America Bonds and inserting Build America Bonds and Clean Energy Bonds . (3) The table of sections for subchapter B of chapter 65 of subtitle F is amended by adding at the end the