Page:United States Statutes at Large Volume 100 Part 3.djvu/341

 PUBLIC LAW 99-514—OCT. 22, 1986

100 STAT. 2149

For purposes of this subparagraph, subsection (b)i2) shall be applied by substituting "January 1, 1993" for the applicable date that would otherwise apply. (G) A project is described in this subparagraph if— (i) an inducement resolution was passed on March 9, 1984, for the issuance of obligations with respect to such project, (ii) such resolution was extended by resolutions passed on August 14, 1984, April 2, 1985, August 13, 1985, and July 8, 1986, (iii) an application was submitted on January 31, 1984, for an Urban Development Action Grant with respect to such project, and (iv) an Urban Development Action Grant was preliminarily approved for all or part of such project on July 3, 1986. (H) A project is described in this subparagraph if it is a redevelopment project, with respect to which $10,000,000 in industrial revenue bonds were approved by a State Development Finance Authority on January 15, 1986, a village transferred approximately $4,000,000 of bond volume authority to the State in June 1986, and a binding Redevelopment Agreement was executed between a city and the development team on July 1, 1986. (2)

CERTAIN PROJECTS GRANTED FERC LICENSES, ETC.—The

amendments made by section 201 shall not apply to any property which is part of a project— (A) which is certified by the Federal Energy Regulatory Commission before March 2, 1986, as a qualifying facility for purposes of the Public Utility Regulatory Policies Act of 1978, (B) which was granted before March 2, 1986, a hydroelectric license for such project by the Federal Energy Regulatory Commission, or (C) which is a hydroelectric project of less than 80 megawatts that filed an application for a permit, exemption, or license with the Federal Energy Regulatory Commission before March 2, 1986. (3) SUPPLY OR SERVICE CONTRACTS.—The amendments made by section 201 shall not apply to any property which is readily identifiable with and necessary to carry out a written supply or service contract, or agreement to lease, which was binding on March 1, 1986. (4) PROPERTY TREATED UNDER PRIOR TAX ACTS.—The amendments made by section 201 shall not apply to property described in section 12(c)(2) or 31(g)(5) and 31(g)(17)g) of the Tax Reform Act of 1984, to property described in section 209(d)(1)(B) of the Tax Equity and Fiscal Responsibility Act of 1982, as amended by the Tax Reform Act of 1984 and to property described in section 216(b)(3) of the Tax Equity and Fiscal Responsibility Act of 1982. (5) SPECIAL RULES FOR PROPERTY INCLUDED IN MASTER PLANS OF INTEGRATED PROJECTS.—The amendments made by section 201

shall not apply to any property placed in service pursuant to a master plan which is clearly identifiable as of March 1, 1986, for any project described in any of the following subparagraphs of this paragraph: (A) A project is described in this subparagraph if—

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