Page:United States Statutes at Large Volume 100 Part 3.djvu/379

 PUBLIC LAW 99-514—OCT. 22, 1986

100 STAT. 2187

property placed in service after December 31, 1986, in taxable years ending after such date. (2) GENERAL TRANSITIONAL RULE.—The amendments made by this section and section 201 shall not apply to any property placed in service before January 1, 1994, if such property is placed in service as part of— (A) a rehabilitation which was completed pursuant to a written contract which was binding on March 1, 1986, or (B) a rehabilitation incurred in connection with property (including any leasehold interest) acquired before March 2, 1986, or acquired on or after such date pursuant to a written contract that was binding on March 1, 1986, if— (i) the rehabilitation was completed pursuant to a written contract that was binding on March 1, 1986, (ii) parts 1 and 2 of the Historic Preservation Certification Application were filed with the Department of the Interior (or its designee) before March 2, 1986, or (iii) the lesser of $1,000,000 or 5 percent of the cost of the rehabilitation is incurred before March 2, 1986, or is required to be incurred pursuant to a written contract which was binding on March 1, 1986. (3) CERTAIN ADDITIONAL REHABIUTATIONS.—The amendments made by this section and section 201 shall not apply to— (A) the rehabilitation of 8 bathhouses within the Hot Springs National Park or of buildings in the CJentral Avenue Historic District at such Park, (B) the rehabilitation of the Upper Pontabla Building in New Orleans, Louisiana, (C) the rehabilitation of at least 60 buildings listed on the National Register at the Frankford Arsenal, (D) the rehabilitation of De Baliveriere Arcade, St. Louis (Dentre, and Drake Apartments in Missouri, (E) the rehabilitation of The Tides in Bristol, Rhode Island, (F) the rehabilitation and renovation of the Outlet Company building and garage in Providence, Rhode Island, (G) the rehabilitation of 10 structures in Harrisburg, Pennsylvania, with respect to which the Harristown Development Corporation was designated redeveloper and received an option to acquire title to the entire project site for $1 on June 27, 1984, (H) the rehabilitation of a project involving the renovation of 3 historic structures on the Minneapolis riverfront, with respect to which the developer of the project entered into a redevelopment agreement with a municipality dated January 4, 1985, and industrial development bonds were sold in 3 separate issues in May, July, and October 1985, (I) the rehabilitation of a bank's main office facilities of approximately 120,000 square feet, in connection with which the bank's board of directors authorized a $3,300,000 expenditure for the renovation and retrofit on March 20, 1984, (J) the rehabilitation of 10 warehouse buildings built between 1906 and 1910 and purchased under a contract dated February 17, 1986, (K) the rehabilitation of a facility which is customarily used for conventions and sporting events if an analysis of

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