PUBLIC LAW 95-458—OCT. 14, 1978
92 STAT. 1260 or.v;,, Ante, p. 1258.,
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26 USC 402 note.
(B) by striking out " A complete*' in subparagraph (A) and inserting in lieu thereof " For purposes of paragraph (^) (I^) (i) 5 ^ complete", and (C) by inserting " For purposes of paragraph (5)(D) (i) — " after " A S S E T S. — " in subparagraph (B).
(d) EFFECTIVE D A T E S. —
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(1) IN GENERAL.—The amendments made by subsections (a), (b), and (c) shall apply with respect to taxable years beginning after December 31, 1974. (2)
Ante, p. 1258. 26 USC 403.
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42 USC 1382e notes. 42 USC 1381. 42 USC 1382e.
87 Stat. 155.
VALIDATION OF CERTAIN ATTEMPTED ROLLOVERS.—If
the
. taxpayer— (A) attempted to comply with the requirements of section 4 0 2 (a)(5) or 4 0 3 (a)(4) of the I n t e r n a l Revenue Code of 1954 for a taxable year beginning before the date of the enactment of this Act, and (B) failed to meet the requirements of such section that all property received in the distribution be transferred, , such section (as amended by this section) shall be applied by t r e a t i n g any transfer of property made on or before December 31, 1978, as if it were made on or before the 60th day after the day ,. on which the taxpayer received such property. For purposes of the preceding sentence, a transfer of money shall be treated as a transfer of property received in a distribution to the extent that the amount of the money transferred does not exceed the highest fair market value of the property distributed during the 60-day period beginning on the date on which the taxpayer received such property. SEC. 5. CASH PAYMENTS IN LIEU OF FOOD STAMPS TO RECIPIENTS OF SSI BENEFITS. (a) Section 8(d) of Public Law 93-233 is amended by a d d i n g at the end thereof the following new sentences: " For purposes of this subsection, if the State requests the Secretary to make the finding specified in the first sentence of this subsection and to make an additional cash payment under title X VI in lieu of food stamps, in the amount and the m a n n e r described below, to every individual in the State who does not have an eligible spouse and who receives a supplementary payment pursuant to an agreement under section 1616(a) of the Act (other than ian individual who (i) receives such a supplementary payment at a level prescribed by the State by reason of his or her residence in an institution, or other living arrangement in which board and care are provided, or (ii) receives payments pursuant to section 212 of Public Law 93-66 at a level in excess of the level applicable to such individual as established by the State under such agreement), the Secretary shall make such payments if he finds that the conditions of paragraph (1) have been met (and for this purpose the conditions of paragraph (1) shall be considered to have been met to the extent that they involve amounts payable under the law referred to in paragraph (1)(B) notwithstanding the suspension in 1978 of the cost-of-living increase in State suppleirientary payments under such law) for months beginning with the first month in which, as determined by the Secretary, such additional cash payment can be made, and ending with the month before the first subsequent month for which the conditions of paragraph (1) are met without regard to this sentence (and the requirements of paragraph (2) shall also be considered to have been met, effective on the first day of such first subsequent month, for purposes
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