To amend the Internal Revenue Code of 1986 to provide an exception to the arbitrage rules for prepayments for electricity generated from renewable resources.
Amends the Internal Revenue Code to modify bond arbitrage rules to provide that an investment-type property does not include a prepayment under a qualified renewable electricity contract, thus exempting such prepayments from arbitrage restrictions.
Actions
Mar 25, 2010
Referred to the House Committee on Ways and Means.