Page:United States Statutes at Large Volume 121.djvu/1051

 121 STAT. 1030

PUBLIC LAW 110–109—OCT. 31, 2007 (F) by amending subparagraph (E) to read as follows: ‘‘(E) RULE OF CONSTRUCTION.—For purposes of subparagraphs (A), (B), (C), and (D) of this paragraph, a State, political subdivision, authority, agency, instrumentality, or other entity described in subparagraph (A), (B), or (C) of paragraph (1), regardless of whether such State, political subdivision, authority, agency, instrumentality, or other entity is an eligible lender under subsection (d), shall not— ‘‘(i) be deemed to be owned or controlled, in whole or in part, by a for-profit entity; or ‘‘(ii) lose its status as the sole owner of a beneficial interest in a loan and the income from a loan, by such State, political subdivision, authority, agency, instrumentality, or other entity, or by the trustee described in paragraph (1)(D), granting a security interest in, or otherwise pledging as collateral, such loan, or the income from such loan, to secure a debt obligation for which such State, political subdivision, authority, agency, instrumentality, or other entity is the issuer of the debt obligation.’’.

Approved October 31, 2007.

dkrause on GSDDPC44 with PUBLAW

LEGISLATIVE HISTORY—S. 2258 (H.R. 3927): CONGRESSIONAL RECORD, Vol. 153 (2007): Oct. 30, considered and passed Senate and House.

VerDate Aug 31 2005

13:52 Jan 23, 2009

Jkt 059194

PO 00001

Frm 01028

Fmt 6580

Sfmt 6580

M:\STATUTES\2007\59194PT1.001

APPS10

PsN: 59194PT1

�