Page:United States Statutes at Large Volume 100 Part 3.djvu/843

 PUBLIC LAW 99-514—OCT. 22, 1986

100 STAT. 2651

respect to any portion of the statement), a statement concerning the issue of which the bond is a part which contains— "(A) the name and address of the issuer, "(B) the date of issue, the amount of net proceeds of the issue, the stated interest rate, term, and face amount of each bond which is part of the issue, the amount of issuance costs of the issue, and the amount of reserves of the issue, •FiMi "(C) where required, the name of the applicable elected representative who approved the issue, or a description of the voter referendum by which the issue was approved, ,f "(D) the name, address, and employer identification number of— "(i) each initial principal user of any facility provided with the proceeds of the issue, "(ii) the common parent of any affiliated group of corporations (within the meaning of section 1504(a)) of ^, which such initial principal user is a member, and "(iii) if the issue is treated as a separate issue under •.,? section 144(a)(6)(A), any person treated as a principal user under section 144(a)(6)(B), "(E) a description of any property to be financed from the - . proceeds of the issue, "(F) a certification by a State official designated by State •..' law (or, where there is no such official, the Governor) that the bond meets the requirements of section 146 (relating to g. cap on private activity bonds), if applicable, and "(G) such other information as the Secretary may require. Subparagraphs (C) and (D) shall not apply to any bond which is f not a private activity bond. The Secretary may provide that certain information specified in the 1st sentence need not be inclusion of such information is not necessary to carry out the purposes of this subsection. "(3) EXTENSION OF TIME.—The Secretary may grant an extension of time for the filing of any statement required under paragraph (2) if there is reasonable cause for the failure to file • such statement in a timely fashion.
 * ' included in the statement with respect to an issue where the



"Subpart C—Definitions and Special Rules "Sec. 150. Definitions and special rules.

"SEC. 150. DEFINITIONS AND SPECIAL RULES.

"(a) GENERAL RULE.—For purposes of this part— J "(1) BOND.—The term 'bond' includes any obligation. g

"(2) GOVERNMENTAL UNIT NOT TO INCLUDE FEDERAL GOVERN-

i

MENT.—The term 'governmental unit' does not include the United States or any agency or instrumentality thereof. "(3) NET PROCEEDS.—The term 'net proceeds' means, with respect to any issue, the proceeds of such issue reduced by amounts in a reasonably required reserve or replacement fund. "(4) 501(c)(3) ORGANIZATION.—The term '501(c)(3) organization' means any organization described in section 501(c)(3) and exempt from tax under section 501(a).

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