election to have this section apply. (2) Applicable rules For purposes of applying paragraph (1)— (A) for purposes of section 149(b), a clean energy bond shall not be treated as federally guaranteed by reason of the credit allowed under subsection (a) or section 6431, (B) for purposes of section 148, the yield on a clean energy bond shall be determined without regard to the credit allowed under subsection (a), and (C) a bond shall not be treated as a clean energy bond if the issue price has more than a de minimis amount (determined under rules similar to the rules of section 1273(a)(3)) of premium over the stated principal amount of the bond. (e) Definitions In this section: (1) Available project proceeds The term available project proceeds means— (A) the excess of— (i) the proceeds from the sale of an issue, over (ii) the issuance costs financed by the issue (to the extent that such costs do not exceed 2 percent of such proceeds), and (B) the proceeds from any investment of the excess described in subparagraph (A). (2) Cooperative electric company The term cooperative electric company means a mutual or cooperative electric company described in section 501(c)(12) or section 1381(a)(2)(C). (3) Governmental body The term governmental body means any State or Indian tribal government, or any political subdivision thereof. (4) Interest payment date The term interest payment date means any date on which the holder of record of the clean energy bond is entitled to a payment of interest under such bond. (5) Qualified facility The term qualified facility means a facility— (A) which is described in section 45T(f)(3), or (B) which is described in section 45U(e)(4) and only produces transportation fuel which has an emissions rate of less than 75 kilograms of CO 2 e per mmBTU (as such terms are defined in subsections (b) and (e) of such section). (6) Public power provider The term public power provider means a State utility with a service obligation, as such terms are defined in section 217 of the Federal Power Act (as in