Page:United States Statutes at Large Volume 98 Part 1.djvu/55

 PUBLIC LAW 98-216—FEB. 14, 1984

98 STAT. 7

(Public Law 97-452, 96 Stat. 2468), applies to an obligation issued 31 USC 3121. under section 3102(a) of title 31, United States Code, after Septem- 96 Stat. 938. ber 3, 1982. (2) The amendment made by section 1(9) of the Act of January 12, 1983 (Public Law 97-452, 96 Stat. 2468), applies to an obligation 31 USC 3121. issued after June 30, 1983, if— (A) interest on the obligation is exempt from tax (decided without regard to the amendments made by section 310 of the Tax Equity and Fiscal Responsibility Act of 1982 (Public Law 97-248, 96 Stat. 595)) under law (without regard to the identity of the holder); and (B) the obligation was not required to be in registered form under the Internal Revenue Code of 1954 (26 U.S.C. 1 et seq.) as in effect on September 2, 1982. (b) The amendment made by section 1(9) of the Act of January 12, 31 USC 3121 1983 (Public Law 97-452, 96 Stat. 2468), applies to an obligation note. issued under section 3103(a) of title 31, United States Code, after 96 Stat. 939 December 31, 1982. (c) The amendments made by sections 1(3), (4), and (7) and 3(b)(1) Effective date. 18 USC 490 note. of this Act are effective as of September 13, 1982. LEGISLATIVE PURPOSE AND CONSTRUCTION

SEC. 5. (a) Sections 1-4 of this Act restate, without substantive change, laws enacted before April 1, 1983, that were replaced by those sections. Sections 1-4 may not be construed as making a substantive change in the laws replaced. Laws enacted after March 31, 1983, that are inconsistent with this Act supersede this Act to the extent of the inconsistency. (b) A reference to a law replaced by sections 1-4 of this Act, including a reference in a regulation, order, or other law, is deemed to refer to the corresponding provision enacted by this Act. (c) An order, rule, or regulation in effect under a law replaced by sections 1-4 of this Act continues in effect under the corresponding provision enacted by this Act until repealed, amended, or superseded. (d) An action taken or an offense committed under a law replaced by sections 1-4 of this Act is deemed to have been taken or committed under the corresponding provision enacted by this Act. (e) An inference of a legislative construction is not to be drawn by reason of the location in the United States Code of a provision enacted by this Act or by reason of the caption or catchline of the provision. (f) If a provision enacted by this Act is held invalid, all valid provisions that are severable from the invalid provision remain in effect. If a provision of this Act is held invalid in any of its applications, the provision remains valid for all valid applications that are severable from any of the invalid applications.

31 USC note prec. 101. 49 USC note prec. 101.

REPEALS

SEC. 6. (a) The repeal of a law enacted by this Act may not be construed as a legislative inference that the provision was or was not in effect before its repeal. (b) The laws specified in the following schedule are repealed, except for rights and duties that matured, penalties that were

31 USC note prec. 101. 49 USC note prec. 101.

�