To modify the increase in volume cap for housing bonds in 2008.

SA 4433. Mrs. LINCOLN (for Ms. Snowe) submitted an amendment intended
to be proposed to amendment SA 4387 submitted by Mr. Dodd (for himself
and Mr. Shelby) to the bill H.R. 3221, moving the United States toward
greater energy independence and security, developing innovative new
technologies, reducing carbon emissions, creating green jobs,
protecting consumers, increasing clean renewable energy production, and
modernizing our energy infrastructure, and to amend the Internal
Revenue Code of 1986 to provide tax incentives for the production of
renewable energy and energy conservation; as follows:

On page 70, strike lines 14 through 22 and insert the
following:
``(A) Increase for 2008.--In the case of calendar year
2008, the State ceiling for each State shall be increased by
an amount equal to the greater of--
``(i) $10,000,000,000 multiplied by a fraction--

``(I) the numerator of which is the population of such
State, and
``(II) the denominator of which is the total population of
all States, or

``(ii) the amount determined under subparagraph (B).
``(B) Minimum amount.--The amount determined under this
subparagraph is--
``(i) in the case of a State (other than a possession),
$90,300,606, and
``(ii) in the case of a possession of the United States
with a population less than the least populous State (other
than a possession), the product of--

``(I) a fraction the numerator of which is $90,300,606 and
the denominator of which is population of the least populous
State (other than a possession), and
``(II) the population of such possession.

In the case of any possession of the United States not
described in clause (ii), the amount determined under this
subparagraph shall be zero.
``(C) Set aside.--
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