To require a legal basis for the application of arbitrage bond regulations to reserve funds held by the Clean Water and Safe Drinking Water State revolving funds.
What it does: Adds SEC. __. APPLICATION OF ARBITRAGE BOND REGULATIONS TO CERTAIN STATE REVOLVING FUNDS on page 293, line 25
Sen. Jack Reed (D-RI)Adds SEC. __. APPLICATION OF ARBITRAGE BOND REGULATIONS TO CERTAIN STATE REVOLVING FUNDS on page 293, line 25
Adds a sectionPrinted pageInserted: SEC. __. APPLICATION OF ARBITRAGE BOND REGULATIONS TO CERTAIN STATE REVOLVING FUNDS.
Inserted: Not later than 90 days after the date of the enactment of this Act, the Secretary of the Treasury shall submit a report to the Committees on Appropriations of the House of Representatives and the Senate to provide a legal basis for the application of section 1.148-1(c) of the United States Treasury Regulations (regarding arbitrage bond regulations) to the reserve funds held by the Clean Water and Safe Drinking Water State revolving funds which generally contain replacement proceeds but not bond proceeds.
Original wording
On page 293, after line 25, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
On page 293, after line 25, add the following:
SEC. __. APPLICATION OF ARBITRAGE BOND REGULATIONS TO CERTAIN STATE REVOLVING FUNDS.
Not later than 90 days after the date of the enactment of this Act, the Secretary of the Treasury shall submit a report to the Committees on Appropriations of the House of Representatives and the Senate to provide a legal basis for the application of section 1.148-1(c) of the United States Treasury Regulations (regarding arbitrage bond regulations) to the reserve funds held by the Clean Water and Safe Drinking Water State revolving funds which generally contain replacement proceeds but not bond proceeds.
Legislative Activity
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Senate amendment submitted
October 20, 2005
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Senate amendment submitted
October 20, 2005
Senate amendment proposed (on the floor): Amendment SA 2162 proposed by Senator Bond for Senator Reed.
October 20, 2005
Senate amendment agreed to: Amendment SA 2162 agreed to in Senate by Voice Vote.
October 20, 2005
Amendment SA 2162 proposed by Senator Bond for Senator Reed. (consideration: CR S11633-11634; text: CR S11633) To require a legal basis for the application of arbitrage bond regulations to reserve funds held by the Clean Water and Safe Drinking Water State revolving funds.
October 20, 2005
Amendment SA 2162 agreed to in Senate by Voice Vote.
October 20, 2005