Page:United States Statutes at Large Volume 92 Part 3.djvu/312

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PUBLIC LAW 95-000—MMMM. DD, 1978

92 STAT. 2944 26 USC 6501. 26 USC 6511.

26 USC 1481. 26 USC 172 note. 20 USC note. 26 USC 20 USC note. 20 USC 26 USC note. 26 USC

1001 103. 1001 1087-1 103

46 note

PUBLIC LAW 95-600—NOV. 6, 1978 (2) AMENDMENT OF SECTION 6501(h).—Subsection (h) of section 6501 (relating to net operating loss or capital loss carryback) is amended by striking out the last sentence. (3) AMENDMENT OF SECTION 6511(d)(2).—The first sentence of section 6511(d)(2)(A) (relating to special period of limitation for net operating loss or capital loss carrybacks) is amended by striking out "except that—" and all that follows down through the period at the end of such sentence and inserting in lieu thereof the following: "except that with respect to an overpayment attributable to the creation of, or an increase in a net operating loss carryback as a result of the elimination of excessive profits by a renegotiation (as defined in section 1481(a) (1)(A)), the period shall not expire before the expiration of the 12th month following the month in which the agreement or order for the elimination of such excessive profits becomes final." (4) EFFECTIVE DATE.—The amendments made by this subsection shall apply with respect to losses sustained in taxable years ending after the date of the enactment of this Act. (q) CONFORMING AMENDMENT TO REPEAL OF SECTION 2 OF THE EMERGENCY INSURED STUDENT LOAN ACT OF 1969.—

(1) IN GENERAL.—Paragraph (5) of section 103(d) (relating to arbitrage bonds) is amended by striking out "section 2 of the Emergency Insured Student Loan Act of 1969" and inserting in lieu thereof "section 438 of the Higher Education Act of 1965". (2) EFFECTIVE DATE.—The amendment made by paragraph (1) shall apply with respect to payments made by the Commissioner of Education after December 31, 1976. (r) EFFECTIVE DATE.—Except as otherwise provided, the amendments made by this section shall take effect on October 4, 1976.

TITLE VIII—AMENDMENTS RELATING TO SOCIAL SECURITY ACT 42 USC 1397a.

42 USC 1397a

note.

SEC. 801. GRANTS TO STATES FOR SOCIAL SERVICES. (a) AMOUNT To BE ALLOCATED TO STATES.—Section 2002(a)(2)(A) of the Social Security Act is amended— (1) by striking out "$2,500,000,000" and inserting in lieu thereof "the amount specified in clause (ii)"; (2) by inserting "(i)" after "(2)(A)"; and (3) by adding the following clause at the end thereof: "(ii) The amount specified for purposes of clause (i) is $2,500,000,000 for fiscal years prior to fiscal year 1979, $2,700,000,000 for fiscal year 1979, and $2,500,000,000 for fiscal years after fiscal year 1979.". (b) ADDITIONAL AMOUNT FOR C H I L D D A Y C A R E SERVICES IN FiSCAL

YEAR 1979.—Section 3 of Public Law 94-401 is amended— (1) in the matter preceding paragraph (1) of subsection (a)— (A) by striking out the word "and" which appears after "1977,", and (B) by inserting after "1978," the following: "and the fiscal year ending September 30, 1979,", (2) in subsection (a)(1), by adding after and below subparagraph (B) the following new subparagraph: "(C) 107.407 per centum of the amount of the limitation so imposed (as determined without regard to this section) in the case of such fiscal year ending September 30, 1979, or",