Code · STATUTE-COMPILATIONS · Bonneville Unit Clean Hydropower Facilitation Act · Sec. 5

Sec. 5. PROHIBITION ON TAX-EXEMPT FINANCING

86 words·~1 min read·/statute-compilations/comps-10536/sec-5

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## SEC. 5 PROHIBITION ON TAX-EXEMPT FINANCING No facility for the generation or transmission of hydroelectric power on the Diamond Fork System may be financed or refinanced, in whole or in part, with proceeds of any obligation— ####

(1)the interest on which is exempt from the tax imposed under chapter 1 of the Internal Revenue Code of 1986, or ####

(2)with respect to which credit is allowable under subpart I or J of part IV of subchapter A of chapter 1 of such Code.