Page:United States Statutes at Large Volume 120.djvu/815

 120 STAT. 784

PUBLIC LAW 109–280—AUG. 17, 2006

Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec. Sec.

PART 2—IMPROVED ACCOUNTABILITY OF DONOR ADVISED FUNDS 1231. Excise taxes relating to donor advised funds. 1232. Excess benefit transactions involving donor advised funds and sponsoring organizations. 1233. Excess business holdings of donor advised funds. 1234. Treatment of charitable contribution deductions to donor advised funds. 1235. Returns of, and applications for recognition by, sponsoring organizations. PART 3—IMPROVED ACCOUNTABILITY OF SUPPORTING ORGANIZATIONS 1241. Requirements for supporting organizations. 1242. Excess benefit transactions involving supporting organizations. 1243. Excess business holdings of supporting organizations. 1244. Treatment of amounts paid to supporting organizations by private foundations. 1245. Returns of supporting organizations.

Sec. 1301. Sec. 1302. Sec. 1303. Sec. 1304.

TITLE XIII—OTHER PROVISIONS Technical corrections relating to mine safety. Going-to-the-sun road. Exception to the local furnishing requirement of the tax-exempt bond rules. Qualified tuition programs.

TITLE XIV—TARIFF PROVISIONS Sec. 1401. Short title; table of contents.

TITLE I—REFORM OF FUNDING RULES FOR SINGLE-EMPLOYER DEFINED BENEFIT PENSION PLANS Subtitle A—Amendments to Employee Retirement Income Security Act of 1974 SEC. 101. MINIMUM FUNDING STANDARDS.

(a) REPEAL OF EXISTING FUNDING RULES.—Sections 302 through 308 of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1082 through 1086) are repealed. (b) NEW MINIMUM FUNDING STANDARDS.—Part 3 of subtitle B of title I of such Act (as amended by subsection (a)) is amended by inserting after section 301 the following new section: 29 USC 1082.

‘‘SEC. 302. MINIMUM FUNDING STANDARDS.

‘‘(a) REQUIREMENT TO MEET MINIMUM FUNDING STANDARD.— ‘‘(1) IN GENERAL.—A plan to which this part applies shall satisfy the minimum funding standard applicable to the plan for any plan year. ‘‘(2) MINIMUM FUNDING STANDARD.—For purposes of paragraph (1), a plan shall be treated as satisfying the minimum funding standard for a plan year if— ‘‘(A) in the case of a defined benefit plan which is a single-employer plan, the employer makes contributions to or under the plan for the plan year which, in the aggregate, are not less than the minimum required contribution determined under section 303 for the plan for the plan year, ‘‘(B) in the case of a money purchase plan which is a single-employer plan, the employer makes contributions to or under the plan for the plan year which are required under the terms of the plan, and

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