S.Amdt. 232

SA 232. Mr. SCHUMER submitted an amendment intended to be proposed to
amendment SA 98 proposed by Mr. Inouye (for himself and Mr. Baucus) to
the bill H.R. 1, making supplemental appropriations for job
preservation and creation, infrastructure investment, energy efficiency
and science, assistance to the unemployed, and State and local fiscal
stabilization, for fiscal year ending September 30, 2009, and for other
purposes; which was ordered to lie on the table; as follows:

On page 570, between lines 8 and 9, insert the following:

SEC. __. INCREASE IN TIME PERIOD FOR RECYCLING OF TAX-EXEMPT
DEBT FOR RESIDENTIAL RENTAL PROJECTS.

(a) In General.--Section 146(i)(6)(A) is amended by
striking ``6-month period'' and inserting ``12-month
period''.
(b) Effective Date.--The amendment made by this section
shall apply to repayments of loans received before, on, or
after the date of the enactment of this Act.
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