High-Speed Intercity Rail Transportation Bond Financing Act of 1987

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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Timeline

1. 20 May 1987

   Introduced

   Introduced in Senate

   Source: IntroReferral

2. 20 May 1987

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

3. 24 March 1988

   Committee

   Committee on Finance. Hearings held. Hearings printed: S.Hrg. 100-674.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 20 May 1987

  Open at official source

Sponsors

• Sen. Chiles, Lawton [D-FL] · D · Sponsor
• Sen. Graham, Bob [D-FL] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → High-Speed Intercity Rail Transportation Bond Financing Act of 1987