Municipal Utility Natural Gas Supply Act Of 2001

Summary

Municipal Utility Natural Gas Supply Act of 2001 - Amends the Internal Revenue Code to exclude from the definition of the term "investment property," as such term is used in defining "higher yield investments," any prepayment on a supply contract for the purpose of obtaining a supply of natural gas reasonably expected to be used by a utility which is owned and operated by a State or local government, or any State or local government political subdivision or instrumentality (thus permitting municipal gas systems to use their tax-exempt borrowing authority to fund the purchase of long-term, prepaid supplies of natural gas).

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Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 May 2001

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• Introduced in House (PDF)

  Introduced in House · EN · 24 May 2001

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• Introduced in House

  summary · EN · 24 May 2001

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