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United States · Bill · HR

H.R. 5659 (102nd)

To permit the simultaneous reduction of interest rates on certain port authority bonds.

referredUnited States· United States Congress· EN

Introduced

22 July 1992

Last action

Status

Received in the Senate and read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

Provides that the simultaneous reduction of interest rates on certain port authority bonds shall not affect the tax-exempt status of such interest, nor cause them to be treated as arbitrage bonds under the Internal Revenue Code by reason of the failure to reduce interest rates on loans made with bond proceeds before the date of such simultaneous reduction.

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Documents

5 official files

Reported in House (text)

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Sources

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