Page:United States Statutes at Large Volume 100 Part 3.djvu/1005

 PUBLIC LAW 99-514—OCT. 22, 1986

100 STAT. 2813

"(i) the Fund shall be treated as if it were a corporation, and "(ii) any tax imposed by this paragraph shall be treated as a tax imposed by section 11." (D) LIMITATION ON INVESTMENTS.—Paragraph (4) of section 468A(e) is amended by striking out "and" at the end of =: subparagraph (A), by striking out the period at the end of subparagraph (B) and inserting in lieu thereof ", and", and i by adding at the end thereof the following new subparagraph: "(C) to the extent that a portion of the Fund is not currently needed for purposes described in subparagraph (A) or (B), making investments described in section 501(c)(21)(B)(ii)." (E) CLERICAL AMENDMENTS.—

J,

f-"

(i) Subsection (a) of section 468A is amended by striking out "this subsection" and inserting in lieu thereof "this section". (ii) Subsection (d) of section 468A is amended by striking out "this subsection" in the material preceding paragraph (1) and inserting in lieu thereof "this section". (iii) The subsection heading for subsection (e) of section 468A is amended by striking out "TRUST F U N D " and inserting in lieu thereof "RESERVE FUND". (iv) Paragraph (1) of section 468A(e) is amended— (I) by striking out "this subsection" and inserting in lieu thereof "this section", and (II) by striking out "Trust Fund" and inserting in lieu thereof "Reserve Fund". (v) Paragraph (6) of section 468A(e) is amended— (I) by striking out "this subsection" each place it appears and inserting in lieu thereof "this section", and (II) by striking out "this subparagraph" and inserting in lieu thereof "this paragraph". (vi) Subsection (f) of section 468A is amended by striking out "The term" and inserting in lieu thereof "For purposes of this section, the term". (vii) Section 88 is amended by striking out "of ratemaking purposes" and inserting in lieu thereof "for ratemaking purposes". (F) EFFECTIVE DATE.—Subsection (g) of section 91 of the Tax Reform Act of 1984 is amended by adding at the end thereof the following new paragraph:

"(5)

RULES

FOR

NUCLEAR

DECOMMISSIONING

COSTS.—The

amendments made by subsections (c) and (f) shall take effect on the date of the enactment of this Act with respect to taxable years ending after such date." (5) EFFECTIVE DATE FOR NET OPERATING LOSS PROVISIONS.—

Subsection (g) of section 91 of the Tax Reform Act of 1984 is amended by adding at the end thereof the following new paragraph: "(6)

MODIFICATION

OF

NET

OPERATING

LOSS

CARRYBACK

PERIOD.—The amendments made by subsection (d) shall apply to losses for taxable years beginning after December 31, 1983."

�