[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 2777 Introduced in Senate (IS)]







107th CONGRESS
  2d Session
                                S. 2777

      To repeal the sunset of the Economic Growth and Tax Relief 
 Reconciliation Act of 2001 with respect to the treatment of qualified 
      public educational facility bonds as exempt facility bonds.


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                   IN THE SENATE OF THE UNITED STATES

                             July 24, 2002

   Mr. Craig introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
      To repeal the sunset of the Economic Growth and Tax Relief 
 Reconciliation Act of 2001 with respect to the treatment of qualified 
      public educational facility bonds as exempt facility bonds.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Permanent Tax Relief for School 
Construction Act''.

SEC. 2. REPEAL OF APPLICABILITY OF SUNSET OF THE ECONOMIC GROWTH AND 
              TAX RELIEF RECONCILIATION ACT OF 2001 WITH RESPECT TO 
              TREATMENT OF QUALIFIED PUBLIC EDUCATIONAL FACILITY BONDS 
              AS EXEMPT FACILITY BONDS.

    Section 901 of the Economic Growth and Tax Relief Reconciliation 
Act of 2001 is amended by adding at the end the following new 
subsection:
    ``(c) Exception.--Subsection (a) shall not apply to the amendments 
made by section 422 (relating to treatment of qualified public 
educational facility bonds as exempt facility bonds).''.
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