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United States · Bill · HR

H.R. 659 (96th)

Federal Municipal Bond Guarantee Administration Act of 1979

referredUnited States· United States Congress· EN

Introduced

15 January 1979

Last action

—

Status

Referred to House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

2 September 2025

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Summary

Federal Municipal Bond Guarantee Administration Act of 1979 - Title I: Federal Municipal Bond Guarantee Administration - Creates a Federal Municipal Bond Guarantee Administration to guarantee municipal bonds. Sets forth procedures that a municipality must follow to obtain such a guarantee. Establishes within the Treasury a Municipal Bond Guarantee Fund for use in guaranteeing bonds under this Act. Allows moneys in such Fund to be invested in obligations of, or guaranteed by, the United States. Title II: Amendment to Internal Revenue Code of 1954 - Amends the Internal Revenue Code of 1954 to designate as taxable income interest on specified government obligations.

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Documents

1 official file

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