Summary: H.R.5659 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.5659. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (07/22/1992)

Provides that the simultaneous reduction of interest rates on certain port authority bonds shall not affect the tax-exempt status of such interest, nor cause them to be treated as arbitrage bonds under the Internal Revenue Code by reason of the failure to reduce interest rates on loans made with bond proceeds before the date of such simultaneous reduction.