Page:United States Statutes at Large Volume 91.djvu/1646

 91 STAT. 1612

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PUBLIC LAW 95-218—DEC. 28, 1977

Public Law 95-218 95th Congress An Act

Dec. 28, 1977 fS 10631 ^

D.C. Revenue bonds, payment 47-254 ^

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To amend the District of Columbia Self-Government and Governmental Reorganization Act with respect to the payment of certain revenue bonds issued by the Council of the District of Columbia.

Be it enacted by the Senate and Mouse of Representatives of the United States of America in Congress assembled, That section 490 of t;he District of Columbia Self-Government and Governmental Eeorganization Act, relating to revenue bonds and other obligations, is amended by adding at the end thereof the following new subsection: "(f) The fourth sentence of section 446 shall not apply to (1) the transfer to a private college or university of funds derived from the sale of any revenue bond, note, or other obligation issued pursuant to an act under this section solely to finance, or assist in the financing of, facilities for such college or university, or (2) the payment (as to either principal or interest or both) of any such bond, note, or other obligation.". Approved December 28, 1977,

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LEGISLATIVE HISTORY: HOUSE REPORT No. 95-749 accompanying H.R. 9544 (Comm. on the District of Columbia). SENATE REPORT No. 95-227 (Comm. on Governmental Affairs). CONGRESSIONAL RECORD, Vol. 123 (1977): May 26, considered and passed Senate. Nov. 2, considered and passed House, amended, in lieu of H.R. 9544. Dec. 15, Senate agreed to House amendments.

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