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26 U.S.C. § 54AA — Repealed. Pub. L. 115–97, title I, § 13404(a), Dec. 22, 2017, 131 Stat. 2138]
Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, added Pub. L. 111–5, div. B, title I, § 1531(a), Feb. 17, 2009, 123 Stat. 358, related to build America bonds.
#### Effective Date of Repeal
Repeal applicable to bonds issued after Dec. 31, 2017, see section 13404(d) of Pub. L. 115–97, set out as a note under former [section 54 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section54&num=0&edition=prelim).
#### Transitional Coordination With State Law
Pub. L. 111–5, div. B, title I, § 1531(d), Feb. 17, 2009, 123 Stat. 360, provided that, except as otherwise provided by a State after Feb. 17, 2009, the interest on any build America bond (as defined in former [26 U.S.C. 54AA](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section54aa&num=0&edition=prelim)) and the amount of any credit determined under such section with respect to such bond was to be treated for purposes of the income tax laws of such State as being exempt from Federal income tax.
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Source file: Laws/federal/codes/united-states-code/title-26/section-54aa-repealed-pub-l-11597-title-i-13404-a-dec-22-2017-131-stat-2138--3e6103c0bc.md
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Source location: Title 26, Chapter 1, § 54AA; chapter-001-normal-taxes-and-surtaxes.md
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### Statutory Notes
Section, added Pub. L. 111–5, div. B, title I, § 1531(a), Feb. 17, 2009, 123 Stat. 358, related to build America bonds.
#### Effective Date of Repeal
Repeal applicable to bonds issued after Dec. 31, 2017, see section 13404(d) of Pub. L. 115–97, set out as a note under former [section 54 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section54&num=0&edition=prelim).
#### Transitional Coordination With State Law
Pub. L. 111–5, div. B, title I, § 1531(d), Feb. 17, 2009, 123 Stat. 360, provided that, except as otherwise provided by a State after Feb. 17, 2009, the interest on any build America bond (as defined in former [26 U.S.C. 54AA](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section54aa&num=0&edition=prelim)) and the amount of any credit determined under such section with respect to such bond was to be treated for purposes of the income tax laws of such State as being exempt from Federal income tax.
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Federal law — U.S. Code and appendices · legal_authorities
### Statutory Notes
Section, added Pub. L. 109–58, title XIII, § 1303(a), Aug. 8, 2005, 119 Stat. 992; amended Pub. L. 109–135, title I, § 101(b)(1), title IV, § 402(c)(1), Dec. 21, 2005, 119 Stat. 2593, 2610; Pub. L. 109–222, title V, § 508(d)(3), May 17, 2006, 120 Stat. 362; Pub. L. 109–432, div. A, title I, § 107(b)(2), title II, § 202(a), Dec. 20, 2006, 120 Stat. 2939, 2944; Pub. L. 110–234, title XV, § 15316(c)(1), May 22, 2008, 122 Stat. 1511; Pub. L. 110–246, § 4(a), title XV, § 15316(c)(1), June 18, 2008, 122 Stat. 1664, 2273; Pub. L. 110–343, div. B, title I, § 107(c), Oct. 3, 2008, 122 Stat. 3819; Pub. L. 111–5, div. B, title I, §§ 1531(c)(3), 1541(b)(1), Feb. 17, 2009, 123 Stat. 360, 362; Pub. L. 115–97, title I, § 13404(c)(2), Dec. 22, 2017, 131 Stat. 2138, related to credit to holders of clean renewable energy bonds.
#### Effective Date of Repeal
Pub. L. 115–97, title I, § 13404(d), Dec. 22, 2017, 131 Stat. 2138, provided that: “The amendments made by this section [amending this section and sections 6211 and 6401 of this title and repealing this section and sections 54A to 54F, 54AA, 1397E, and 6431 of this title] shall apply to bonds issued after December 31, 2017.”
#### Regulations
Pub. L. 109–58, title XIII, § 1303(d), Aug. 8, 2005, 119 Stat. 997, provided that the Secretary of the Treasury was to issue regulations required under former [26 U.S.C. 54](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section54&num=0&edition=prelim) not later than 120 days after Aug. 8, 2005.
Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 54
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Federal law — U.S. Code and appendices · legal_authorities
**(a) General authority**
(1) **Grants to States to establish State loan funds**
(A) *In general* — The Administrator shall offer to enter into agreements with eligible States to make capitalization grants, including letters of credit, to the States under this subsection to further the health protection objectives of this subchapter, promote the efficient use of fund resources, and for other purposes as are specified in this subchapter.
(B) *Establishment of fund* — To be eligible to receive a capitalization grant under this section, a State shall establish a drinking water treatment revolving loan fund (referred to in this section as a “State loan fund”) and comply with the other requirements of this section. Each grant to a State under this section shall be deposited in the State loan fund established by the State, except as otherwise provided in this section and in other provisions of this subchapter. No funds authorized by other provisions of this subchapter to be used for other purposes specified in this subchapter shall be deposited in any State loan fund.
(C) *Extended period* — The grant to a State shall be available to the State for obligation during the fiscal year for which the funds are authorized and during the following fiscal year, except that grants made available from funds provided prior to fiscal year 1997 shall be available for obligation during each of the fiscal years 1997 and 1998.
(D) *Allotment formula* — Except as otherwise provided in this section, funds made available to carry out this section shall be allotted to States that have entered into an agreement pursuant to this section (other than the District of Columbia) in accordance with—
(i) for each of fiscal years 1995 through 1997, a formula that is the same as the formul
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 300j–12
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Federal law — U.S. Code and appendices · legal_authorities
Page 405
TITLE 26—INTERNAL REVENUE CODE
§ 55
2944; Pub. L. 110–234, title XV, § 15316(c)(1), May 22, 2008,
122 Stat. 1511; Pub. L. 110–246, § 4(a), title XV,
§ 15316(c)(1), June 18, 2008, 122 Stat. 1664, 2273; Pub. L.
110–343, div. B, title I, § 107(c), Oct. 3, 2008, 122 Stat. 3819;
Pub. L. 111–5, div. B, title I, §§ 1531(c)(3), 1541(b)(1), Feb.
17, 2009, 123 Stat. 360, 362; Pub. L. 115–97, title I,
§ 13404(c)(2), Dec. 22, 2017, 131 Stat. 2138, related to credit
to holders of clean renewable energy bonds.
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF REPEAL
Pub. L. 115–97, title I, § 13404(d), Dec. 22, 2017, 131 Stat.
2138, provided that: ‘‘The amendments made by this
section [amending this section and sections 6211 and
6401 of this title and repealing this section and sections
54A to 54F, 54AA, 1397E, and 6431 of this title] shall
apply to bonds issued after December 31, 2017.’’
REGULATIONS
Pub. L. 109–58, title XIII, § 1303(d), Aug. 8, 2005, 119
Stat. 997, provided that the Secretary of the Treasury
was to issue regulations required under former 26
U.S.C. 54 not later than 120 days after Aug. 8, 2005.
[SUBPART I—REPEALED]
[§§ 54A to 54F. Repealed. Pub. L. 115–97, title I,
§ 13404(a), Dec. 22, 2017, 131 Stat. 2138]
Section 54A, added Pub. L. 110–234, title XV, § 15316(a),
May 22, 2008, 122 Stat. 1505, and Pub. L. 110–246, § 4(a),
title XV, § 15316(a), June 18, 2008, 122 Stat. 1664, 2267;
amended Pub. L. 110–343, div. B, title I, § 107(b)(1), (2),
title III, § 301(b)(1), (2), div. C, title III, § 313(b)(1), (2),
Oct. 3, 2008, 122 Stat. 3818, 3819, 3843, 3844, 3872; Pub. L.
111–5, div. B, title I, §§ 1521(b)(1), (2), 1531(c)(2), 1541(b)(2),
Feb. 17, 2009, 123 Stat. 357, 360, 362; Pub. L. 113–295, div.
A, title II, § 220(e), Dec.
Source: Supplied 2024 U.S. Code historical extraction · 26 U.S.C. § 54AA
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