98 STAT. 3466
CONCURRENT RESOLUTION S — J U N E 29, 1984 January 1, 1979, and ending on June 22, 1984 (not including the amount of any qualified veterans bond issued by such State during the calendar year (or portion thereof) in such period for which the amount of such bonds so issued was the lowest), divided by "(ii) the number (not to exceed 5) of calendar years after 1979 and before 1985 during which the State issued qualified veterans bonds (determined by only taking into account bonds issued on or before June 22, 1984)." (111) In subparagraph (C) of section 611(d)(3) of the bill— (A) strike out "section 103(o)(3)" and insert in lieu thereof "section 103A(o)(3)", and (B) strike out "such bond is authorized" and insert in lieu thereof "such bond was authorized". (112) In paragraph (7) of section 611(d) of the bill— (A) strike out "Annual report" in the paragraph heading and insert in lieu thereof "Report", and (B) strike out "shall submit an annual report" and insert in lieu thereof "shall, not later than January 1, 1987, submit a report". (113) In section 25(d)(2)(A) of the Code (as added by section 612(a) of the bill), strike out "or, if lesser, the aggregate amount of certified indebtedness referred to in clause (i)". (114) At the end of subsection (d) of section 25 of the Code (as added by section 612(a) of the bill), insert the following: "(3) ADDITIONAL LIMIT IN CERTAIN CASES.—In the case of a qualified mortgage credit certificate program in a State which— (A) has a State ceiling (as defined in section 103A(g)(4)) for the year an election is made that exceeds 20 percent of the average annual aggregate principal amount of mortgages executed during the immediately preceding 3 calendar years for single family owner-occupied residences located within the jurisdiction of such State, or "(B) issued qualified mortgage bonds in an aggregate amount less than $150,000,000 for calendar year 1983, the certificate credit rate for any mortgage credit certificate shall not exceed 20 percent unless the issuing authority submits a plan to the Secretary to ensure that the weighted average of the certificate credit rates in such mortgage credit certificate program does not exceed 20 percent and the Secretary approves such plan". (115) In paragraph (2) of section 25(e) of the Code (as added by section 612(a) of the bill), strike out "(g) and (j) of section 103A" and insert in lieu thereof "and (j) of section 103A and clauses (iv), (v), and (vii) of subsection (c)(2)(A)". (116) Strike out paragraph (4) of section 25(e) of the Code (as added by section 612(a) of the bill) and insert in lieu thereof the following: "(4) REISSUANCE OF MORTGAGE CREDIT CERTIFICATES.—The Secretary may prescribe regulations which allow the adminstrator of a mortgage credit certificate program to reissue a mortgage credit certificate specifying a certified mortgage indebtedness that replaces the outstanding balance of the certified mortgage indebtedness specified on the original certificate to any taxpayer to whom the original certificate was issued, under such
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