Page:United States Statutes at Large Volume 114 Part 5.djvu/664

 114 STAT. 2763A-624 PUBLIC LAW 106-554—APPENDIX G report shall contain a detailed statement of the findings and conclusions of the Advisory Council, together with any recommendations for legislative or administrative action that the Advisory Council considers appropriate. SEC. 157. TERMINATION. (a) IN GENERAL. —The Advisory Council shall terminate 30 days after submitting its final report under section 156(c). (b) EXTENSION.— Notwithstanding subsection (a), the Secretary may postpone the termination of the Advisory Council for a period not to exceed 3 years after the Advisory Council submits its final report under section 156(c). SEC. 158. APPLICABILITY OF FEDERAL ADVISORY COMMITTEE ACT. The Federal Advisory Committee Act (5 U.S.C. App.) shall not apply to the Advisory Council. SEC. 159. RESOURCES. The Secretary shall provide to the Advisory Council appropriate resources so that the Advisory Council may carry out its duties and factions under this part. SEC. 160. EFFECTIVE DATE. This part shall be effective 30 days after the date of its enactment. Subtitle F—Other Provisions SEC. 161. ACCELERATION OF PHASE-IN OF INCREASE IN VOLUME CAP ON PRIVATE ACTIVITY BONDS. (a) IN GENERAL. —Paragraphs (1) and (2) of section 146(d) (relating to State ceiling) are amended to read as follows: "(1) IN GENERAL.—The State ceiling applicable to any State for any calendar year shall be the greater of— "(A) an amount equal to $75 ($62.50 in the case of calendar year 2001) multiplied by the State population, or " (B) $225,000,000 ($187,500,000 in the case of calendar year 2001). "(2) COST-OF-LIVING ADJUSTMENT.—In the case of a calendar year after 2002, each of the dollar amounts contained in paragraph (1) shall be increased by an amount equal to— "(A) such dollar amount, multiplied by "(B) the cost-of-living adjustment determined under section 1(f)(3) for such calendar year by substituting 'calendar year 2001' for 'calendar year 1992' in subparagraph (B) thereof. If any increase determined under the preceding sentence is not a multiple of $5 ($5,000 in the case of the dollar amount in paragraph (1)(B)), such increase shall be rounded to the nearest multiple thereof.". (b) EFFECTIVE DATE. —The amendment made by this section shall apply to calendar years after 2000.

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