Code Section 1601
| Code Section | Effective Date | Name of Act | Name of Provision | 10yr Revenue Estimate ($millions) |
|---|---|---|---|---|
| 1601 | 2/17/2009 | The American Recovery and Reinvestment Act of 2009 (Public Law 111-5) | Application of certain labor standards to projects financed with certain tax-favored bonds | -14,315 |
Application of certain labor standards to projects financed with certain tax-favored bonds
Explanation of Provision
The provision provides that Subchapter IV of Chapter 31 of Title 40 of the U.S. Code shall apply to projects financed with the proceeds of:
1. any new clean renewable energy bond (as defined in sec. 54C of the Code) issued after the date of enactment;
2. any qualified energy conservation bond (as defined in sec. 54D of the Code) issued after the date of enactment;
3. any qualified zone academy bond (as defined in sec. 54E of the Code) issued after the date of enactment;
4. any qualified school construction bond (as defined in sec. 54F of the Code); and
5. any recovery zone economic development bond (as defined in sec. 1400U–2 of the Code).
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