S.Amdt. 4776

SA 4776. Ms. CANTWELL (for herself and Mrs. Murray) submitted an
amendment intended to be proposed to amendment SA 4753 proposed by Mr.
Reid (for himself and Mr. McConnell) to the bill H.R. 4853, to amend
the Internal Revenue Code of 1986 to extend the funding and expenditure
authority of the Airport and Airway Trust Fund, to amend title 49,
United States Code, to extend authorizations for the airport
improvement program, and for other purposes; which was ordered to lie
on the table; as follows:

On page 51, between lines 11 and 12, insert:

SEC. ___. EXTENSION AND EXPANSION OF NEW CLEAN RENEWABLE
ENERGY BONDS.

(a) Increased Limitation on Issuance of New Clean Renewable
Energy Bonds.--
(1) In general.--Subsection (c) of section 54C is amended
by adding at the end the following new paragraph:
``(5) 2010 additional limitation.--The national new clean
renewable bond limitation shall be increased by
$1,600,000,000. Such increase shall be allocated by the
Secretary as provided in paragraph (3), except that--
``(A) 60 percent thereof shall be allocated to qualified
projects of public power providers, and
``(B) 40 percent thereof shall be allocated to qualified
projects of cooperative electric companies.''.
(2) Conforming amendment.--Paragraph (4) of section 54C(c)
is amended by striking ``Additional'' in the heading thereof
and inserting ``2009 additional''.
(b) Effective Date.--The amendments made by this subsection
shall apply to obligations issued after the date of the
enactment of this Act.
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