HR 1986
107th Congress
House
Taxation
Economics and Public Finance
Energy
Energy supplies
Finance and Financial Sector
Government Operations and Politics
Government lending
Municipal services
Natural gas
Tax-exempt securities
Municipal Utility Natural Gas Supply Act Of 2001
Introduced: May 24, 2001
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 24, 2001
Referred to the House Committee on Ways and Means.
May 24, 2001
Sponsor introductory remarks on measure. (CR E931-932)
May 24, 2001
Introduced in House
Plain-English summary
Municipal Utility Natural Gas Supply Act of 2001 - Amends the Internal Revenue Code to exclude from the definition of the term "investment property," as such term is used in defining "higher yield investments," any prepayment on a supply contract for the purpose of obtaining a supply of natural gas reasonably expected to be used by a utility which is owned and operated by a State or local government, or any State or local government political subdivision or instrumentality (thus permitting municipal gas systems to use their tax-exempt borrowing authority to fund the purchase of long-term, prepaid supplies of natural gas).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1