Page:United States Statutes at Large Volume 94 Part 1.djvu/332

 94 STAT. 282

PUBLIC LAW 96-223—APR. 2, 1980 "(B) more than half of the feedstock for which is solid waste or a feedstock derived from solid waste, and "(C) substantially all of the solid waste derived feedstock for which is produced at a facility which is— "(i) located at or adjacent to the site for such alcoholproducing facility, and "(ii) owned and operated by the person who owns and operates the alcohol-producing facility. "(4) SPECIAL RULE IN CASE OF STEAM-GENERATING FACILITY.—A

facility for producing solid waste derived fuel shall be treated as a facility which meets the requirements of clauses (i) and (ii) of paragraph (2)(B) if— "(A) such facility and the steam-generating facility are owned and operated by or for a State or the same political subdivision or subdivisions of a State, and "(B) substantially all of the solid waste used in producing the solid waste derived fuel at the facility producing such fuel is collected from the area in which the steam-generating facility is located." 26 USC 103 note.

Ante, p. 281. Post, p. 286.

(b) CERTAIN SOLID W A S T E AND E N E R G Y - P R O D U C I N G FACILITIES.—

(1) GENERAL RULE.—For purposes of section 103 of the Internal Revenue Code of 1954, any obligation issued by an authority for 2 Qj. more political subdivisions of a State which is part of an issue substantially all of the proceeds of which are to be used to provide solid waste-energy producing facilities shall be treated as an obligation of a political subdivision of a State which meets the requirements of section 103(b)(4)(E) of such Code (relating to solid waste disposal, etc., facilities). Nothing in the preceding sentence shall be construed to override the limitations of section 103(c) of such Code (relating to arbitrage bonds). (2) SOLID WASTE-ENERGY PRODUCING FACILITIES.—For purposes of paragraph (1), the term "solid waste-energy producing facilities" means any solid waste disposal facility and any facility for the production of steam and electrical energy if— (A) substantially all of the fuel for the facility producing steam and electrical energy is derived from solid waste from such solid waste disposal facility, (B) both such solid waste disposal facility and the facility producing steam and electrical energy are owned and operated by the authority referred to in paragraph (1), and (C) all of the electrical energy and steam produced by the facility for producing steam and electricity which is not used by such facility is sold, for purposes other than resale, to an agency or instrumentality of the United States. (3) SOUD WASTE DISPOSAL FACILITY.—For purposes of paragraph

(2), the term "solid waste disposal facility" means any solid waste disposal facility within the meaning of section 103(b)(4)(E) of the Internal Revenue Code of 1954 (determined without regard to section 103(g) of such Code). (4) OBLIGATIONS MUST BE IN REGISTERED FORM.—This subsection shall not apply to any obligation which is not issued in registered form. 26 USC 103 note.

Ante, p. 281.

(c) SPECIAL RULE FOR CERTAIN A L C O H O L - P R O D U C I N G F A C I U T I E S. —

(1) IN GENERAL.—Subparagraph (C) of section 103(g)(3) of the Internal Revenue Code of 1954 (as added by subsection (a)) shall not apply to any facility for the production of alcohol from solid waste if—

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