Page:United States Statutes at Large Volume 100 Part 3.djvu/873

 PUBLIC LAW 99-514—OCT. 22, 1986

100 STAT. 2681

(G) A project is described in this subparagraph if— (i) such project is located in an area designated by the governing body of the city in 1983, (ii) such project is described in a letter dated August 8, 1985, from the developer's legal counsel to the development agency of the city, and (iii) such project consists primarily of retail facilities to be built by the developer named in a resolution of the governing body of the city on August 30, 1985. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $75,000,000. (H) A project is described in this subparagraph if— (i) such project is a project for research and development facilities to be used primarily to benefit a State university and related hospital, with respect to which an urban renewal district was created by the city council effective October 11, 1985, and (ii) such project was announced by the university and the city in March 1985. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $40,000,000. (I) A project is described in this subparagraph if such project is a downtown redevelopment project with respect to which— (i) an urban development action grant was made, but only if such grant was preliminarily approved on November 3, 1983, and received final approval before June 1, 1984, and (ii) the issuer of bonds with respect to such facility adopted a resolution indicating the issuer's intent to adopt such redevelopment project on October 6, 1981, and the issuer adopted an ordinance adopting such redevelopment project on December 13, 1983. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $10,000,000. (J) A project is described in this subparagraph if— (i) with respect to such project the city council adopted on December 16, 1985, an ordinance directing the urban renewal authority to study blight and produce an urban renewal plan, (ii) the blight survey was accepted and approved by the urban renewal authority on March 20, 1986, and (iii) the city planning board approved the urban renewal plan on May 7, 1986. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $60,000,000. (K) A project is described in this subparagraph i— f ^ (i) the city redevelopment agency approved resolutions authorizing issuance of land acquisition and public improvements bonds with respect to such project on August 8, 1978, (ii) such resolutions were later amended in June 1979, and (iii) the State Supreme Court upheld a lower court decree validating the bonds on December 11, 1980. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $380,000,000.

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