Economically Distressed Cities Revenue Bond Act

Summary

Economically Distressed Cities Revenue Bond Act - Amends the Internal Revenue Code to increase from $5,000,000 to $50,000,000 the investment ceiling on tax-exempt industrial development bonds for any city whose population exceeds 100,000, if such city has had an unemployment rate of 6.5 percent or greater for any three of the preceeding 12 months.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 20 April 1978

   Introduced

   Referred to Senate Committee on Finance.

   Source: IntroReferral

2. 20 April 1978

   Introduced

   Introduced in Senate

   Source: IntroReferral

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 April 1978

  Open at official source

Sponsors

• Sen. Mathias, Charles McC., Jr. [R-MD] · R · Sponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.