PUBLIC LAW 99-514-OCT. 22, 1986
100 STAT. 2891
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(2) EFFECTIVE DATE.—The amendment made by paragraph (1) shall apply to obligations issued after March 28, 1985, in taxable years ending after such date.
(b) CONFORMING AMENDMENTS TO REPEAL OF ADVANCE REFUNDING OF QUALIFIED PUBLIC FACILITIES.—Paragraphs (13), (14XA), and
(17XA) of section 103(b) are each amended by striking out "(6), and (7)" and inserting in lieu thereof "and (6)". SEC. 1872. AMENDMENTS RELATED TO SECTION 631 OF THE ACT. (a) CLARIFICATION OF GENERAL EFFECTIVE DATE.—
(1) Paragraph (1) of section 631(c) of the Tax Reform Act of 1984 (relating to effective date for other provisions relating to t tax-exempt bonds) is amended by striking out "made by this subtitle" and inserting in lieu thereof "made by sections 622, 8 623, 627, and 628 (c), (d), and (e) (and the provisions of sections 625(c), 628(0, and 629(b))". (2)(A) Subparagraph (A) of section 631(c)(3) of the Tax Reform t Act of 1984 is amended by striking out "amendments made by this subtitle (other than section 621)" and inserting in lieu ^ thereof "amendments (and provisions) referred to in paragraph t (1)". (B) Effective with respect to obligations issued after March 28, 1985, subparagraph (A) of section 631(c)(3) of the Tax Reform • Act of 1984 is amended by striking out clauses (i) and (ii) and inserting in lieu thereof the following: "(i) the original use of which commences with the taxpayer and the construction, reconstruction, or • rehabilitation of which began before October 19, 1983, and was completed on or after such date, - ' ' "(ii) the original use of which commences with the taxpayer and with respect to which a binding contract to incur significant expenditures for construction, ^ ' reconstruction, or rehabilitation was entered into before October 19, 1983, and some of such expenditures V are incurred on or after such date, or "(iii) acquired after October 19, 1983, pursuant to a <s«ifvt5 binding contract entered into on or before such date." (3) Paragraph (3) of section 631(c) of the Tsix Reform Act of ' 1984 is amended by adding at the end thereof the following new subparagraph: ^ "(C) EXCEPTION.—Subparagraph (A) shall not apply with respect to the amendment made by section 628(e) and the • provisions of sections 628(f) and 629(b)." (4) Subparagraph (B) of section 631(c)(3) of the Tax Reform Act of 1984 is amended by striking out "subsection (b)(2)(A)" and inserting in lieu thereof "subsection (b)(2)". (b) SPECIAL RULE FOR HEALTH CLUB FACILITIES.—Subsection (c) of
section 631 of the Tax Reform Act of 1984 is amended by adding at the end thereof the following new paragraph: "(5) SPECIAL RULE FOR HEALTH CLUB FACILITIES.—In the case of any health club facility, with respect to the amendment made by section 627(c)— "(A) paragraph (1) shall be applied by substituting ^J^t 'April 12, 1984' for 'December 31, 1983', and XB) paragraph (3) shall be applied by substituting -OMfl
'April 13, 1984^ for 'October
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