PUBLIC LAW 99-514—OCT. 22, 1986
100 STAT. 2705
(G) Proceeds of an issue are described in this subparagraph if such proceeds are of bonds which are the first advance refunding of bonds issued during 1985 for the development of a computer network, and construction and renovation or rehabilitation of other facilities, for an institution of higher education described in subparagraph (H). The aggregate face amount of bonds to which this subparagraph applies shall not exceed $80,000,000. (H) Proceeds of an issue are described in this subparagraph if^ (i) the issue is issued on behalf of a university founded in 1789, and (ii) the request to issue bonds for items to be determined by the issuer was transmitted to Congress on November 7, 1985. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $200,000,000. (I) Proceeds of an issue are described in this subparagraph if the issue is issued on behalf of a university established on August 6, 1872, for a project approved by the trustees thereof on November 11, 1985. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $100,000,000. (J) Proceeds of an issue are described in this subparagraph if— (i) the issue is issued on behalf of a university for which the founding grant was signed on November 11, 1885, and (ii) such bond is issued for the purpose of providing a Near West Campus Redevelopment Project and a Student Housing Project. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $105,000,000. (J) Proceeds of an issue are described in this subparagraph if— (i) they are the proceeds of advance refunding obligations issued on behalf of a university established on April 21, 1831, and (ii) the application or other request for the issuance of such obligations was made to the appropriate State issuer before July 12, 1986. The aggregate face amount of obligations to which this subparagraph applies shall not exceed $175,000,000. (K) Proceeds of an issue are described in this subparagraph if— (i) the issue is for the purpose of financing or refinancing costs associated with university facilities including 900 units of housing for students, faculty, and staff in up to two buildings and an office building containing up to 2,000 square feet of space, and (ii) a bond act authorizing the issuance of such bonds for such project was adopted on July 8, 1986, and such act under Federal law was required to be transmitted to Congress. The aggregate face amount of obligations to which this subparagraph applies shall not exceed $150,000,000.
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