S.Amdt. 1844

SA 1844. Mr. LANKFORD submitted an amendment intended to be proposed
to amendment SA 1618 proposed by Mr. 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:

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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