S 1290
108th Congress
Senate
Taxation
Electric power distribution
Electric power production
Electric power transmission
Electric utilities
Energy
Equipment and supplies
Finance and Financial Sector
Tax-exempt securities
A bill to amend the Internal Revenue Code of 1986 to allow an additional advance refunding of tax-exempt bonds issued for the purchase or maintenance of electric generation, transmission, or distribution assets.
Introduced: June 19, 2003
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 19, 2003
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S8236)
Jun 19, 2003
Sponsor introductory remarks on measure. (CR S 8236)
Jun 19, 2003
Introduced in Senate
Plain-English summary
Permits one additional advance refunding of certain tax-exempt bonds, of which the net proceeds are used to finance the costs of electric generation, transmission, or distribution assets owned by the issuer or by a consortium of State or local governments which includes the issuer. Sets certain conditions the bonds must meet to qualify for the advance refunding.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S8236)
Committees of jurisdiction
1
Cosponsors
1