PUBLIC LAW 100-647—NOV. 10, 1988
102 STAT. 3553
"(iii) such facility's location was approved in December 1985 by a task force created jointly". (14) Subparagraph (A) of section 1317(11) of the Reform Act is amended by striking out "and section 142(a)" and inserting in lieu thereof "in section 142(a)". (15) Subparagraph (C) of section 1317(11) of the Reform Act is amended to read as follows: "(C) A facility is described in this subparagraph if it is described in section 1865(c)(2)(C) of this Act." (16) Subparagraph (X) of section 1317(13) of the Reform Act is amended by striking out the last sentence. (17) Paragraph (13) of section 1317 of the Reform Act is amended by adding at the end thereof the following new subparagraphs: "(AA) A residential rental property project is described in this subparagraph if it is the Carriage Trace residential rental project in Clinton, Tennessee. The aggregate face amount of bonds to which this subparagraph applies shall
- not exceed $10,000,000.
"(BB) A residential rental property project is described in this subparagraph if— "(i) a contract to purchase such property was dated as of August 9, 1985, "(ii) there was an inducement resolution adopted on September 27, 1985, for the issuance of obligations to finance such property, "(iii) there was a State court final validation of such financing on November 15, 1985, and "(iv) the certificate of nonappeal from such validation was available on December 15, 1985. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $27,750,000." (18) Paragraph (14) of section 1317 of the Reform Act is amended by striking out "$90,000,000" and inserting in lieu thereof "$130,000,000" and by inserting "incorporated on February 20, 1985" before the period at the end of the 1st sentence. (19) Subparagraph (B) of section 1317(15) of the Reform Act is amended— (A) by striking out all that follows "agreement with" in clause (i) and inserting in lieu thereof "an underwriter to provide planning and financial guidance for a possible bond issue, and", and (B) by striking out "certificates" in clause (ii) and inserting in lieu thereof "bond issue" (20) Paragraph (16) of section 1317 of the Reform Act is amended by striking out the last sentence. (21) Clause (i) of section 1317(19XD) of the Reform Act is amended by striking out "light rail transitway" and inserting in lieu thereof "fixed guideway". (22) Paragraph (20) of section 1317 of the Reform Act is amended by striking out "Section 148(f)" and inserting in lieu thereof "Subsections (c)(2) and (f) of section 148". (23) Subparagraph (B) of section 1317(21) of the Reform Act is amended— (A) by striking out "Subsection (c)" and inserting in lieu thereof "Subsections (c)(2)", and
Tennessee. Real property.
Contracts.
�
