S.Amdt. 1777

SA 1777. Mr. MENENDEZ submitted an amendment intended to be proposed
by him 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:

Strike section 13532 and insert the following:

SEC. 13532. EXEMPT-FACILITY BONDS FOR SEWAGE AND WATER SUPPLY
FACILITIES.

(a) Bonds for Water and Sewage Facilities Exempt From
Volume Cap on Private Activity Bonds.--Paragraph (3) of
section 146(g) of the Internal Revenue Code of 1986 is
amended by inserting ``(4), (5),'' after ``(2),''.
(b) Conforming Change.--Paragraphs (2) and (3)(B) of
section 146(k) of the Internal Revenue Code of 1986 are both
amended by striking ``(4), (5), (6),'' and inserting ``(6)''.
(c) Effective Date.--The amendments made by this section
shall apply to obligations issued after the date of the
enactment of this Act.
______