S.Amdt. 1792

SA 1792. Mr. LANKFORD 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:

At the appropriate place, insert the following:

SEC. __. NO TAX EXEMPT BONDS FOR PROFESSIONAL STADIUMS.

(a) In General.--Section 103(b), as amended by this Act, is
further amended by adding at the end the following new
paragraph:
``(4) Professional stadium bond.--Any professional stadium
bond.''.
(b) Professional Stadium Bond Defined.--Subsection (c) of
section 103 is amended by adding at the end the following new
paragraph:
``(3) Professional stadium bond.--The term `professional
stadium bond' means any bond issued as part of an issue any
proceeds of which are used to finance or refinance capital
expenditures allocable to a facility (or appurtenant real
property) which, during at least 5 days during any calendar
year, is used as a stadium or arena for professional sports
exhibitions, games, or training.''.
(c) Effective Date.--The amendments made by this section
shall apply to bonds issued after November 2, 2017.
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