United States · Bill · S
S. 1245 (100th)
High-Speed Intercity Rail Transportation Bond Financing Act of 1987
Introduced
20 May 1987
Last action
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Status
Committee on Finance. Hearings held. Hearings printed: S.Hrg. 100-674.
Sponsors
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Subjects
Discovery layer
Source updated
28 August 2025
Summary
High-Speed Intercity Rail Transportation Bond Financing Act of 1987 - Amends the Internal Revenue Code to add to the category of tax-exempt facility bonds any bonds that are part of an issue 95 percent or more of whose net proceeds are used to provide high-speed intercity rail facilities to be owned by a governmental unit and made available to the general public. Exempts such bonds from: (1) the volume cap generally applicable to private activity bonds; and (2) limitations on the use of bond proceeds for land acquisition.
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 20 May 1987
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/100th-congress/senate-bill/1245
- Open data entity: https://api.congress.gov/v3/bill/100/s/1245