100 STAT. 2886
PUBLIC LAW 99-514—OCT. 22, 1986
"the property described in such subparagraph" and inserting in lieu thereof "all of the property to be financed by the obligation". (d) INFORMATION REPORTING ON ALLOCATION OF PRIVATE ACTIVITY
BOND LIMIT.—Paragraph (2) of section 103(1) (relating to information reporting requirements for certain bonds) is amended by striking out "and" at the end of subparagraph (D), by striking out the period at the end of subparagraph (E) and inserting in lieu thereof ", and", and by adding at the end thereof the following new subparagraph: "(F) if such obligation is a private activity bond (as defined in subsection (n)(7)), such information as the Secretary may require for purposes of determining whether the requirements of subsection (n) are met with respect to such obligation." (e) CLARIFICATION AUTHORITY.—
OF
CARRYFORWARD
OF
UNUSED
BOND
(1) Subparagraph (B) of section 103(n)(10) (relating to election must specify project) is amended— (A) by striking out "specify the project" in clause (i) and inserting in lieu thereof "identify (with reasonable specificity) the project", and (B) by striking out "SPECIFY PROJECT" in the subparagraph heading and insert in lieu thereof "IDENTIFY PROJECT". (2) Subparagraph (D) of section 103(n)(10) is amended by striking out "any specification" and inserting in lieu thereof "any identification or specification". SEC. 1865. AMENDMENT RELATED TO SECTION 622 OF THE ACT.
(a) CLERICAL AMENDMENT.—Subparagraph (A) of section 103(h)(5) (relating to certain obligations subsidized under energy program) is amended by striking out "the United States,". (b) TREATMENT OF CERTAIN GUARANTEES BY FARMERS HOME
ADMINISTRATION.—An obligation shall not be treated as federally guaranteed for purposes of section 103(h) of the Internal Revenue Code of 1954 by reason of a guarantee by the Farmers Home Administration if— (1) such guarantee is pursuant to a commitment made by the Farmers Home Administration before July 1, 1984, and (2) such obligation is issued to finance a convention center project in Carbondale, Illinois. (c) TREATMENT OF CERTAIN OBLIGATIONS USED TO FINANCE SOUD WASTE DISPOSAL FACILITY.—
(1) IN GENERAL.—Any obligation which is part of an issue a substantial portion of the proceeds of which is to be used to finance a solid waste disposal facility described in paragraph (2) shall not, for purposes of section 103(h) of the Internal Revenue Code of 1954, be treated as an obligation which is federally guaranteed by reason of the sale of fuel, steam, electricity, or other forms of usable energy to the Federal Government or any agency or instrumentality thereof. (2) SOLID WASTE DISPOSAL FACILITY.—A solid waste disposal facility is described in this paragraph if such facility is described in section 1030t))(4)(E) of such Code and— (A)if(i) a public State authority created pursuant to State Bii legislation which took effect on July 1, 1980, took formal action before October 19, 1983, to commit development funds for such facility.
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