PUBLIC LAW 102-486—OCT. 24, 1992 106 STAT. 3027 "(A) IN GENERAL.—In the case of the Highway Trust Fund financing rate, the term 'otherwise applicable rate' means— %!) 6.1 cents a gallon for 10 percent gasohol, "(ii) 7.342 cents a gallon for 7.7 percent gasohol, and "(iii) 8.422 cents a gallon for 5.7 percent gasohol. In the case of gasohol none of the alcohol in which consists of ethauol, clauses (i), (ii), and (iii) shall be applied by i substituting '5.5 cents' for '6.1 cents', '6.88 cents' for '7.342 j cents', and ^.08 cents' for '8.422 cents'. "(B) 10 PERCENT GASOHOL.—The term '10 percent easohol' means any mixture of gasoline with idcohol if at I least 10 percent of such mixture is alcohol. "(C) 7.7 PERCENT GASOHOL.—The term '7.7 percent gasohol' means any mixture of gasoline with alcohol if at least 7.7 percent, but not 10 percent or more, of such mixture is alcohol. "(D) 5.7 PERCENT GASOHOL.—The term '5.7 percent gasohol' means any mixture of gasoline with alcohol if at least 5.7 percent, but not 7.7 percent or more, of such mixture is alcohol." (c) EFFECTIVE DATE.— The amendments made by this section 26 USC 408i shall apply to gasoline removed (as defined in section 4082 of ^°^- the Internal Revenue Code of 1986) or entered afl«r December 31, 1992. SEC. 1921. TAK -ESEUPT FINANCING FOR ENVIRONMENTAL ENHANCE- MENTS OF HYDROELECTRIC GENERATING FACILITIES. (a) IN GENERAL.—Subsection (a) of section 142 (relating to exempt facility bonds) is amended— (1) by striking "or" at the end of paragraph (10), (2) by striking the period at the end of paragraph (11) and inserting ", or", and (3) by adding at the end the following new paragraph: "(12) environmental enhancements of hydroelectric generating facilities. " (b) DEFINITION AND SPECIAL RULES FOR ENVIRONMENTAL ENHANCEMENTS OF HYDROELECTRIC GENERATING FACILITIES. - (1) IN GENERAL.—Section 142 is amended by adding at the end the following new subsection: "(j) ENVIRONMENTAL ENHANCEMENTS OF HYDROELECTRIC GENERATING FACILITIES.- "(1) IN GENERAL.—For purposes of subsection (a)(12), the term 'environmental enhancements of hydroelectric generating facilities' means property— "(A) the use of which is related to a federally licensed hydroelectric generating facility owned and operated by a governmental unit, and "(B) which— "(i) protects or promotes fisheries or other wildlife resources, including any fish by-pass facility, fish hatchery, or fisheries enhancement facility, or "(ii) is a recreational facility or other improvement required by the terms and conditions of any Federal licensing permit for the operation of such generating facility.
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