Page:United States Statutes at Large Volume 102 Part 4.djvu/582

 102 STAT. 3552

California.

PUBLIC LAW 100-647—NOV. 10, 1988 (7) Paragraph (6) of section 1317 of the Reform Act is amended by redesignating subparagraph (X) as subparagraph (Z) and by inserting after subparagraph (W) the following new subparagraphs: "(X) A project is described in this subparagraph if a redevelopment plan for such project was approved by the city council of Bell Gardens, California, on June 12, 1979. The aggregate face amount of bonds to which this subparagraph applies shall not exceed $10,000,000. "(Y) Nothing in this paragraph shall be construed as having the effect of exempting from tax interest on any bond issued after June 10, 1987, if such interest would not have been exempt from tax were such bond issued on August 15, 1986." (8) The last sentence of subparagraph (A) of section 1317(7) of the Reform Act is amended by inserting before the period "and section 149(d)(2) of the 1986 Code shall not apply to bonds so treated". (9) Subparagraph (D) of section 1317(7) of the Reform Act is amended to read as follows: "(D) A facility is described in this subparagraph if— "(i) it is a convention, trade, or spectator facility, "(ii) a regional convention, trade, and spectator facilities study committee was created before March 19, 1985, with respect to such facility, and "(iii) feasibility and preliminary design consultants were hired on May 1, 1985, and October 31, 1985, with respect to such facility. The aggregate face amount of bonds to which this subparagraph applies shall not exceed the excess of $175,000,000 over the amount of bonds to which paragraph (48XB) applies." (10) Clause (ii) of section 1317(7)(G) of the Reform Act is amended to read as follows: "(ii) such facility's location was approved in December 1985 by a task force created jointly by the Governor of the State within which such facility will be located and the mayor of the capital city of such State, and". (11) Subparagraph (J) of section 1317(7) of the Reform Act is amended— (A) by striking out "civic festival" in clause (i) and inserting in lieu thereof "aquafestival", (B) by striking out clause (ii) and inserting in lieu thereof the following: "(ii) a referendum was held on April 6, 1985, in which voters permitted the city council to lease 130 acres of dedicated parkland for the purpose of constructing such facility, and", and (C) by striking out "$5,000,000" and inserting in lieu thereof "$10,000,000". (12) Subparagraph (E) of section 1317(9) of the Reform Act is amended by striking out "March 5, 1985" and inserting in lieu thereof "March 6, 1985". (13) Clause (iii) of section 1317(9)(J) of the Reform Act is amended by striking out all that precedes "by the governor" and inserting in lieu thereof the following:

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