S.Amdt. 1737

SA 1737. Mr. ALEXANDER (for himself and Mr. Gardner) submitted an
amendment intended to be proposed to amendment SA 1618 proposed by Mr.

[[Page S7600]]

McConnell (for Mr. Hatch (for himself and Ms. Murkowski)) to the bill
H.R. 1, to provide for reconciliation pursuant to titles II and V of
the concurrent resolution on the budget for fiscal year 2018; which was
ordered to lie on the table; as follows:

On page 306, strike line 16 and insert the following:
``able year with respect to such institution.
``(3) Exempt purpose assets.--For purposes of subsection
(b)(1)(C), the amount of assets treated as being used
directly in carrying out the institution's exempt purpose
shall include--
``(A) the fair market value of tangible and real property
assets of the institution,
``(B) financial assets of the institution which are subject
to restrictions for use solely for financial aid or other
educational or research activities of the institution, and
``(C) assets designated by the institution's governing
board to be used solely for specific purposes which are
directly related to the institution's exempt purpose.''.
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