Page:United States Statutes at Large Volume 95.djvu/1665

 PUBLIC LAW 97-119—DEC. 29, 1981

95 STAT. 1639

"SUBTITLE I. Trust Fund Ckxie.". (d) EFFECTIVE DATE.—

26 USC 950i (1) IN GENERAL.—The amendments made by this section shall ^°^take effect on January 1, 1982. Section 9501(c)(3) of the Internal Revenue Code of 1954 (as added by subsection (a)) shall only apply Ante, p. 1636. to advances made after December 31, 1981. (2) SAVINGS PROVISIONS.—The Black Lung Disability Trust Fund established by the amendments made by this section shall be treated for all purposes of law as the continuation of the Black Lung Disability Trust Fund established by section 3 of the Black Lung Benefits Revenue Act of 1977. Any reference in any law to 30 USC 934a, the Black Lung Disability Trust Fund established by such section 934 and note. 3 shall be deemed to include a reference to the Black Lung Disability Trust Fund established by the amendments made by this section.

SEC. 104. AMENDMENTS TO SECTION 424 OF THE BLACK LUNG BENEFITS ACT. (a) INTEREST ON OPERATOR LIABILITIES.— (1) RATE OF INTEREST.—Subsection

(b) of section 424 of the Black Lung Benefits Act is amended by adding at the end thereof 30 USC 934. the following new paragraph: "(5) The rate of interest under this subsection— "(A) for any period during calendar year 1982, shall be 15 percent, and "(B) for any period after calendar year 1982, shall be the rate established by section 6621 of the Internal Revenue Code of 1954 which is in effect for such period.". 26 USC 6621. (2) CLARIFYING AMENDMENT.—The first sentence of section 424(b)(l) of the Black Lung Benefits Act is amended by inserting "plus interest thereon" after "attributed to him". (3) EFFECTIVE DATE.—The amendment made by paragraph (1) 30 USC 934 note. shall take effect on January 1, 1982, and shall apply to amounts outstanding on such date or arising thereafter.

(b) CONFORMING AMENDMENTS.—

(1) Section 402(h) of the Black Lung Benefits Act is amended to "Fund." read as follows: 30 USC 902. "(h) The term 'fund' means the Black Lung Disability Trust Fund established by section 9501 of the Internal Revenue Code of 1954.". (2) Section 415(a)(l) of the Black Lung Benefits Act is amended 30 USC 925. by striking "section 424 of this title" and inserting in lieu thereof "section 9501(d) of the Internal Revenue Code of 1954". (3) Section 422(a) of the Black Lung Benefits Act is amended by 30 USC 932. striking "section 424" and inserting in lieu thereof "section 9501(d) of the Internal Revenue Code of 1954". (4) Section 422(i)(4) of the Black Lung Benefits Act is amended by striking "section 424" and inserting in lieu thereof "section 9501(d) of the Internal Revenue Code of 1954". (5) Section 422(j) of the Black Lung Benefits Act is amended by striking "section 424 shall" and inserting in lieu thereof "section 9501 of the Internal Revenue Code of 1954 shall"; and by striking "section 424(a)(l)" and inserting in lieu thereof "section 9501(d)(l) of the Internal Revenue Code of 1954". (6) Section 424(a) of the Black Lung Benefits Act is amended to 30 USC 934. read as follows: "(a) For purposes of this section, the term 'fund* has the meaning set forth in section 402(h).". Supra. 89-194 O—82

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