Code · BILL · 115th Congress · H.R. 1 (Placed on Calendar Senate) — To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year... · Sec. 3602

Sec. 3602. Repeal of advance refunding bonds

90 words·~1 min read·/bill/115/hr/1/pcs/section-3602

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Paragraph

(1)of section 149(d) is amended by striking as part of an issue described in paragraph (2), (3), or (4). and inserting to advance refund another bond. . Section 149(d) is amended by striking paragraphs (2), (3), (4), and

(6)and by redesignating paragraphs

(5)and

(7)as paragraphs

(2)and (3). Section 148(f)(4)(C) is amended by striking clause

(xiv)and by redesignating clauses

(xv)to

(xvii)as clauses

(xiv)to (xvi). The amendments made by this section shall apply to advance refunding bonds issued after December 31, 2017.