100 STAT. 1194
PUBLIC LAW 99-468—OCT. 14, 1986 most advantageous to the public interest, but the bonds shall not be sold at a net interest cost calculated upon the entire issue so advertised, greater than the lowest bid which was rejected. In the event the commission desires to issue its bonds in exchange for an existing facility or portion thereof, or in exchange for bonds secured by the revenues of an existing facility, it may exchange such bonds for the existing facility or portion thereof or for the bonds so secured, plus an additional amount of cash, without advertising such bonds for sale.". Approved October 14, 1986.
LEGISLATIVE HISTORY—H.R. 2971 (S. 1421): HOUSE REPORTS: No. 99-596 (Coram, on the Judiciary). CONGRESSIONAL RECORD, Vol. 132 (1986): May 19, considered and passed House. Aug. 15, S. 1421 considered and passed Senate. Sept. 29, H.R. 2971 considered and passed Senate.
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