Page:United States Statutes at Large Volume 98 Part 1.djvu/985

 PUBLIC LAW 98-369—JULY 18, 1984

98 STAT. 937

(2) CERTAIN GRANTS TREATED AS EXPENDITURES.—For purposes

of paragraph (1), the amount of any UDAG grant preUminarily approved on May 5, 1981, or April 4, 1983, shall be treated as an expenditure with respect to the facility for which such grant was so approved. if) EXCEPTIONS FOR CERTAIN OTHER AMENDMENTS.—If—

(1) there was an inducement resolution (or other comparable preliminary approval) for an issue before June 19, 1984, by any issuing authority, and (2) such issue is issued before January 1, 1985, the following amendments shall not apply: (A) the amendments made by section 623, Ante, p. 921. (B) the amendments made by subsections (a) and (b) of section 627 (except to the extent such amendments relate to Ante, p. 928. farm land), (C) in the case of a race track, the amendment made by section 627(c), and (D) the amendments made by section 628(c). Ante, p. 931. SEC. 632. MISCELLANEOUS EXCEPTIONS AND SPECIAL RULES. (a) EXCEPTION FROM PROVISIONS OTHER THAN ARBITRAGE AND FEDERAL GUARANTEES.—Notwithstanding any other provision of this

subtitle, the amendments made by this subtitle (other than by section 622 (relating to Federal guarantees) and section 623 (relating to arbitrage)) shall not apply to the following obligations: (1) Obligations issued with respect to any waste-to-energy facility authorized by official action on April 10, 1980 and with respect to which a subsequent agreement was signed between a city government and the Department of the Army on December 27, 1982, to jointly pursue construction and operation of such facility. (2) Obligations issued to finance a redevelopment program on 9 city blocks adjacent to a transit station but only if such program was approved on October 25, 1983. (3) Obligations issued pursuant to an inducement resolution adopted on August 8, 1978, for a redevelopment plan for which a redevelopment trust fund was established on September 7, 1977. (4) Obligations issued to finance a UDAG project which was preliminarily approved on December 29, 1982, and which received final approval on May 3, 1984. (5) Obligations issued to finance a parking garage pursuant to an inducement resolution adopted on March 9, 1984, in connection with a project for which a UDAG grant application was made on January 31, 1984. (6) Obligations which— (A) are issued to finance a downtown development project with respect to which an urban development action grant is made but only if such grant— (i) was preliminarily approved on November 3, 1983, and (ii) received final approval before June 1, 1984, and (B) are issued in connection with inducement resolutions that were adopted on December 21, 1982, July 5, 1983, and March 1, 1983, but only to the extent the aggregate face amount of such obligations does not exceed $34,000,000.

Ante, p. 918.

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