S.Amdt. 2590
What it does: Adds SEC. __. TAX-EXEMPT INTEREST ON FEDERALLY GUARANTEED WATER, WASTEWATER, AND FEDERALLY GUARANTEED ESSENTIAL COMMUNITY FACILITIES LOANS wherever appropriate
Sen. Herb Kohl (D-WI)What it changes
1 change to S. 2020
Adds SEC. __. TAX-EXEMPT INTEREST ON FEDERALLY GUARANTEED WATER, WASTEWATER, AND FEDERALLY GUARANTEED ESSENTIAL COMMUNITY FACILITIES LOANS wherever appropriate
Adds a sectionInserted: SEC. __. TAX-EXEMPT INTEREST ON FEDERALLY GUARANTEED WATER, WASTEWATER, AND FEDERALLY GUARANTEED ESSENTIAL COMMUNITY FACILITIES LOANS.
Inserted: (a) In General.--Section 149(b)(3)(A) (relating to certain insurance programs) is amended by striking "or" at the end of clause (ii), by striking period at the end of clause (iii) and inserting ", or", and by adding at the end the following new clause:
Inserted: "(iv) any guarantee by the Secretary of Agriculture pursuant to section 306(a)(1) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1926(a)(1)) to finance water, wastewater, and essential community facilities.".
Inserted: (b) Effective Date.--The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
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As printed
SA 2590. Mr. KOHL (for himself and Mr. Harkin) submitted an amendment intended to be proposed by him to the bill S. 2020, to provide for reconciliation pursuant to section 202(b) of the concurrent resolution on the budget for fiscal year 2006; which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. __. TAX-EXEMPT INTEREST ON FEDERALLY GUARANTEED WATER, WASTEWATER, AND FEDERALLY GUARANTEED ESSENTIAL COMMUNITY FACILITIES LOANS.
(a) In General.--Section 149(b)(3)(A) (relating to certain insurance programs) is amended by striking “or” at the end of clause (ii), by striking period at the end of clause (iii) and inserting “, or”, and by adding at the end the following new clause:
“(iv) any guarantee by the Secretary of Agriculture pursuant to section 306(a)(1) of the Consolidated Farm and Rural Development Act (7 U.S.C. 1926(a)(1)) to finance water, wastewater, and essential community facilities.”.
(b) Effective Date.--The amendments made by this section shall apply to bonds issued after the date of the enactment of this Act.
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Senate amendment submitted
November 16, 2005