Page:United States Statutes at Large Volume 100 Part 3.djvu/896

 100 STAT. 2704

PUBLIC LAW 99-514—OCT. 22, 1986

(i) the bonds are issued after August 8, 1986, and before August 7, 1988, by the State of Connecticut Health and Educational Facilities Authority, or (ii) the bonds are the 1st or 2nd refundings (including advance refundings) of the bonds described in clause (i) or of original bonds issued before August 7, 1986, by such Authority. (C) Proceeds of an issue are described in this subparagraph if— (i) such issue is issued on behalf of a university established by Charter granted by King George II of England on October 31, 1754, to accomplish a refunding (including an advance refunding) of bonds issued to finance 1 or more projects, and (ii) the application or other request for the issuance of the issue to the appropriate State issuer was made by or on behalf of such university before February 26, 1986. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $250,000,000. (D) Proceeds of an issue are described in this subparagraph if— (i) such proceeds are to be used for finance construction of a new student recreation center, (ii) a contract for the development phase of the project was signed by the university on May 21, 1986, with a private company for 5 percent of the costs of the project, and (iii) a committee of the university board of administrators approved the major program elements for the center on August 11, 1986. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $25,000,000. (E) Proceeds of an issue are described in this subparagraph if— (i) such proceeds are to be used in the construction of new life sciences facilities for a university for medical research and education, (ii) the president of the university authorized a faculty/administration planning committee for such facilities on September 17, 1982, (iii) the trustees of such university authorized site and architect selection on October 30, 1984, and (iv) the university negotiated a $2,600,000 contract with the architect on August 9, 1985. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $47,500,000. (F) Proceeds of an issue are described in this subparagraph if such proceeds are to be used to renovate undergraduate chemistry and engineering laboratories, and to rehabilitate other basic science facilities, for an institution of higher education in Philadelphia, Pennsylvania, chartered by legislative Acts of the Commonwealth of Pennsylvania, including an Act dated September 30, 1791. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $6,500,000.

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