Municipal Utility Natural Gas Supply Act of 2001

Summary

Municipal Utility Natural Gas Supply Act of 2001 - Amends the Internal Revenue Code to exclude from the definition of the term "investment property," as such term is used in defining "higher yield investments," any prepayment on a supply contract for the purpose of obtaining a supply of natural gas reasonably expected to be used by a utility which is owned and operated by a State or local government, or any State or local government political subdivision or instrumentality (thus permitting municipal gas systems to use their tax-exempt borrowing authority to fund the purchase of long-term, prepaid supplies of natural gas).

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Timeline

1. 6 April 2001

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S3713)

   Source: IntroReferral

2. 6 April 2001

   Introduced

   Sponsor introductory remarks on measure. (CR S3712-3713)

   Source: IntroReferral

3. 6 April 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 6 April 2001 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 6 April 2001

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 6 April 2001

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 6 April 2001

  Open at official source

Sponsors

• Rep. Breaux, John B. [D-LA-7] · D · Sponsor
• Sen. Thompson, Fred [R-TN] · R · Sponsor
• Sen. Miller, Zell [D-GA] · D · Sponsor
• Sen. Cleland, Max [D-GA] · D · Sponsor
• Sen. Landrieu, Mary L. [D-LA] · D · Sponsor
• Sen. Shelby, Richard C. [D-AL] · R · Sponsor
• Rep. Bunning, Jim [R-KY-4] · R · Sponsor
• Sen. Frist, William H. [R-TN] · R · Sponsor
• Sen. Graham, Bob [D-FL] · D · Cosponsor
• · ssfi00 · Standing

Related records

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