Page:United States Statutes at Large Volume 100 Part 3.djvu/894

 100 STAT. 2702

PUBLIC LAW 99-514—OCT. 22, 1986

«

(F) A facility is described in this subparagraph if it is the Lakeland Center Hotel in Lakeland, Florida. The aggregate face amount of obligations to which this subparagraph applies shall not exceed $10,000,000. (G) A facility is described in this subparagraph if it is the Marble Arcade office building renovation project in Lakeland, Florida. The aggregate face amount of obligations to which this subparagraph applies shall not exceed $5,900,000. (H) A facility is described in this subparagraph if it is a medical office building in Bradenton, Florida, with respect to which— (i) a memorandum of agreement was entered into on October 17, 1985, and (ii) the city council held a public hearing and approved issuance of the bonds on November 14, 1985. The aggregate face amount of obligations to which this subparagraph applies shall not exceed $8,500,000. (I) A facility is described in this subparagraph if it consists of the rehabilitation of the Andover Town Hall in Andover, Massachusetts. The provisions of section 149(b) of the 1986 Code (relating to federally guaranteed obligations) shall not apply to obligations to finance such project solely as a result of the occupation of a portion of such building by a United States Post Office. (J) A facility is described in this subparagraph if it i^ the Central Bank Building renovation project in Grand Rapids, Michigan. The aggregate face amount of obligations to $1,000,000. (28) CERTAIN PRIVATE LOANS NOT TAKEN INTO ACCOUNT.—For
 * ' which this subparagraph applies shall not exceed

purposes of determining whether any bond is a private activity bond, an amount of loans (but not in excess of $75,00^0,000) provided from the proceeds of 1 or more issues shall not be taken into account if such loans are provided in furtherance of— (A) a city Emergency Conservation Plan as set forth in an ordinance adopted by the city council of such city on: February 17, 1983, or (B) a resolution adopted by the city council of such city on March 10, 1983, committing such city to a goal of reducing the peak load of such city's electric generation and distribution system by 553 megawatts in 15 years. (29) CERTAIN ACCOUNT.—

PRIVATE

BUSINESS

USE

NOT

TAKEN

INTO

(A) The nonqualified amount of the proceeds of an issue shall not be taken into account under section 141(b)(5) of the 1986 Code or in determining whether a bond described in subparagraph (B) (which is part of such issue) is a private activity bond for purposes of section 103 and part IV faf subchapter B of chapter 1 of the 1986 Code. (B) A bond is described in this subparagraph if— (i) such bond is issued before January 1, 1993, by a State admitted to the Union on June 14, 1776, and (ii) such bond is issued pursuant to a resolution of the i^j? x: State Bond Commission adopted before September 26, 1985.

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